Cellcom Israel, Ltd. (OTCMKTS:CELJF) Sees Large Increase in Short Interest

Cellcom Israel, Ltd. (OTCMKTS:CELJF) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,600 shares, an increase of 290.9% from the August 31st total of 2,200 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Cellcom Israel to a “strong-buy” rating in a research report on Sunday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Cellcom Israel Price Performance

Cellcom Israel stock opened at $9.50 on Friday. The firm’s 50-day moving average is $9.06 and its 200-day moving average is $7.72. Cellcom Israel has a 1 year low of $3.00 and a 1 year high of $10.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.67.

About Cellcom Israel

Cellcom Israel Ltd. provides cellular communications services in Israel. It operates in two segments, Cellular and Fixed-line. The Cellular segment offers cellular communications, and cellular equipment and related services. The Fixed-line segment provides infrastructure and internet access, internet-based television, international telephony, landline telephony services, and transmission services for business customers and for telecommunication operators; and conferencing, cloud computing, and server hosting services, as well as IOT solutions.