Short Interest in Cellcom Israel, Ltd. (OTCMKTS:CELJF) Expands By 131.1%
by Danessa Lincoln · The Markets DailyCellcom Israel, Ltd. (OTCMKTS:CELJF – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 10,338 shares, an increase of 131.1% from the July 30th total of 4,473 shares. Based on an average trading volume of 198 shares, the days-to-cover ratio is presently 52.2 days. Currently, 0.0% of the shares of the stock are short sold.
Cellcom Israel Stock Performance
CELJF stock traded down $0.32 during trading on Friday, hitting $11.28. 3,950 shares of the company’s stock traded hands, compared to its average volume of 334. The business has a fifty day simple moving average of $10.51 and a 200 day simple moving average of $10.99. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 26.86 and a beta of 0.89. Cellcom Israel has a 52 week low of $8.01 and a 52 week high of $14.12.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Cellcom Israel stock. AWM Investment Company Inc. acquired a new stake in shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 624,700 shares of the company’s stock, valued at approximately $5,529,000. AWM Investment Company Inc. owned approximately 0.38% of Cellcom Israel at the end of the most recent reporting period.
About Cellcom Israel
Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.
The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.