United Internet AG (OTCMKTS:UDIRF) Short Interest Down 52.4% in April

United Internet AG (OTCMKTS:UDIRFGet Rating) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 64,900 shares, a decline of 52.4% from the March 31st total of 136,300 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 649.0 days.

Shares of UDIRF stock opened at $37.99 on Friday. United Internet has a 1 year low of $36.10 and a 1 year high of $46.15. The stock’s 50 day simple moving average is $37.99 and its two-hundred day simple moving average is $38.18. The company has a market cap of $7.11 billion, a PE ratio of 18.44 and a beta of 0.67.

A number of equities research analysts recently commented on UDIRF shares. Zacks Investment Research upgraded United Internet from a “sell” rating to a “hold” rating in a research report on Wednesday. Oddo Bhf assumed coverage on United Internet in a research report on Thursday, February 17th. They set an “outperform” rating and a €44.00 ($47.31) price objective on the stock.

About United Internet (Get Rating)

United Internet AG, through its subsidiaries, operates as an Internet service provider (ISP). It operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. The company offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.

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