Cancom SE (OTCMKTS:CCCMF) Sees Significant Drop in Short Interest

Cancom SE (OTCMKTS:CCCMFGet Rating) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 104,300 shares, a decrease of 20.7% from the August 15th total of 131,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,043.0 days.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price objective on shares of Cancom from €72.00 ($73.47) to €42.00 ($42.86) and set a “buy” rating on the stock in a report on Thursday, August 18th.

Cancom Price Performance

OTCMKTS CCCMF opened at $28.10 on Friday. Cancom has a 52 week low of $28.10 and a 52 week high of $28.10. The firm’s 50-day simple moving average is $57.00 and its two-hundred day simple moving average is $62.95.

Cancom Company Profile

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CANCOM SE, together with its subsidiaries, offers information technology (IT) infrastructure and services in Germany and internationally. The company operates in two segments, Cloud Solutions and IT Solutions. The Cloud Solutions segment provides cloud and shared managed services, including project-related cloud hardware, software, and services.

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