SoftwareONE Holding AG (OTCMKTS:SWONF) Short Interest Down 20.1% in December

SoftwareONE Holding AG (OTCMKTS:SWONF) was the target of a large drop in short interest in 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 short-interest ratio is presently 339.5 days.

SoftwareONE Stock Performance

Shares of OTCMKTS:SWONF remained flat at $6.55 on Thursday. The firm’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $14.72. SoftwareONE has a fifty-two week low of $6.55 and a fifty-two week high of $20.36.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup raised shares of SoftwareONE to a “hold” rating in a research note on Monday, November 18th. Cantor Fitzgerald upgraded SoftwareONE from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 14th.

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.