SoftwareONE Holding AG (OTCMKTS:SWONF) Sees Large Decline in Short Interest

SoftwareONE Holding AG (OTCMKTS:SWONF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 271,600 shares, a drop of 20.1% from the December 15th total of 340,000 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 339.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of SoftwareONE to a “hold” rating in a report on Monday, November 18th. Cantor Fitzgerald upgraded shares of SoftwareONE from a “strong sell” rating to a “hold” rating in a report on Thursday, November 14th.

SoftwareONE Stock Performance

SWONF opened at $6.55 on Wednesday. The firm’s fifty day moving average is $7.80 and its two-hundred day moving average is $14.78. SoftwareONE has a twelve month low of $6.55 and a twelve month high of $20.36.

SoftwareONE Company Profile

SoftwareONE Holding AG provides software and cloud solutions in Switzerland, Europe, the Middle East, Africa, the United States, Canada, Latin America, and the Asia Pacific. The company develops and delivers the technology solutions that modernise applications and software in the cloud. It serves large enterprises, corporates, small and medium-sized enterprises, and public sector organizations.