Cellcom Israel Ltd. (OTCMKTS:CELJF) Sees Significant Drop in Short Interest

Cellcom Israel Ltd. (OTCMKTS:CELJF) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decline of 97.2% from the February 13th total of 3,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 0.1 days.

Cellcom Israel Stock Performance

CELJF opened at $6.75 on Thursday. The stock’s 50 day simple moving average is $6.61 and its 200 day simple moving average is $5.35. The stock has a market cap of $1.10 billion, a P/E ratio of 28.10 and a beta of 1.04. Cellcom Israel has a 1-year low of $3.10 and a 1-year high of $7.49. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.60.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Cellcom Israel from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 28th.

About Cellcom Israel

Cellcom Israel Ltd. provides cellular communications services in Israel. It operates in two segments, Cellular and Fixed-line. The Cellular segment offers cellular communications, and cellular equipment and related services. The Fixed-line segment provides infrastructure and internet access, internet-based television, international telephony, landline telephony services, and transmission services for business customers and for telecommunication operators; and conferencing, cloud computing, and server hosting services, as well as IOT solutions.