United Internet AG (OTCMKTS:UDIRF) Short Interest Down 52.6% in May

United Internet AG (OTCMKTS:UDIRFGet Rating) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 30,000 shares, a decline of 52.6% from the April 30th total of 63,300 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 150.0 days.

Shares of UDIRF stock opened at $32.61 on Friday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 15.83 and a beta of 0.62. The firm’s 50 day moving average is $36.91 and its 200 day moving average is $37.89. United Internet has a 12 month low of $32.61 and a 12 month high of $32.61.

UDIRF has been the topic of a number of research analyst reports. Societe Generale dropped their target price on shares of United Internet from €45.00 ($47.87) to €40.00 ($42.55) in a research note on Wednesday, May 11th. Zacks Investment Research cut shares of United Internet from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 10th. UBS Group dropped their target price on shares of United Internet from €36.00 ($38.30) to €33.00 ($35.11) in a research note on Friday, April 29th. Finally, Oddo Bhf initiated coverage on shares of United Internet in a research note on Thursday, February 17th. They issued an “outperform” rating and a €44.00 ($46.81) target price on the stock.

About United Internet (Get Rating)

United Internet AG, through its subsidiaries, operates as an Internet service provider. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; 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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