Cancom SE (OTCMKTS:CCCMF) Short Interest Down 20.5% in December

Cancom SE (OTCMKTS:CCCMF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 19,079 shares, a drop of 20.5% from the November 30th total of 23,993 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Cancom Stock Performance

Shares of Cancom stock opened at $28.20 on Tuesday. Cancom has a 12-month low of $26.11 and a 12-month high of $28.20. The firm’s 50-day moving average price is $28.20 and its two-hundred day moving average price is $27.70.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised shares of Cancom from an “underperform” rating to a “neutral” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Cancom Company Profile

CANCOM SE is a Germany‐based IT infrastructure and managed services provider that delivers end‐to‐end technology solutions to corporate and public sector clients. The company’s offerings span the full spectrum of digital transformation, including cloud computing, IT security, networking, software licensing, and digital workplace services. By integrating hardware, software, and consulting, CANCOM aims to optimize its customers’ operational efficiency and drive innovation in a rapidly evolving technology landscape.

Founded in 1992 and headquartered in Munich, CANCOM has built a presence across the DACH region (Germany, Austria, Switzerland) and selected markets in Europe.