Short Interest in Partner Communications Company Ltd. (NASDAQ:PTNR) Decreases By 19.2%

Partner Communications Company Ltd. (NASDAQ:PTNRGet Rating) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 6,300 shares, a drop of 19.2% from the March 15th total of 7,800 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 0.9 days.

Separately, StockNews.com began coverage on shares of Partner Communications in a research note on Tuesday. They set a “hold” rating on the stock.

PTNR opened at $8.15 on Tuesday. Partner Communications has a 12-month low of $3.92 and a 12-month high of $9.27. The firm has a market capitalization of $1.50 billion, a PE ratio of 38.81 and a beta of 0.76. The company has a 50 day simple moving average of $7.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.99 and a current ratio of 1.05.

Partner Communications (NASDAQ:PTNRGet Rating) last released its quarterly earnings data on Monday, February 28th. The Wireless communications provider reported $0.14 EPS for the quarter. The firm had revenue of $274.00 million during the quarter. Partner Communications had a net margin of 3.46% and a return on equity of 6.55%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in Partner Communications during the fourth quarter worth approximately $160,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Partner Communications during the 4th quarter worth approximately $162,000. GHP Investment Advisors Inc. boosted its stake in Partner Communications by 11.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 110,595 shares of the Wireless communications provider’s stock valued at $513,000 after purchasing an additional 10,920 shares during the period. Finally, Morgan Stanley grew its holdings in Partner Communications by 122.5% in the 2nd quarter. Morgan Stanley now owns 6,407 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 3,528 shares in the last quarter. Institutional investors and hedge funds own 2.03% of the company’s stock.

About Partner Communications (Get Rating)

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed-Line. The company offers cellular telephony services, including basic cellular telephony, text messaging, internet browsing and data transfer, content, handset repair, roaming, and services provided to other operators that are permitted to use its cellular network, as well as Machine to Machine and Internet of Things services.

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