Short Interest in SoftwareOne Holding AG (OTCMKTS:SWONF) Decreases By 14.9%

SoftwareOne Holding AG (OTCMKTS:SWONF) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 805,560 shares, a decline of 14.9% from the March 15th total of 946,788 shares. Based on an average daily volume of 354 shares, the days-to-cover ratio is currently 2,275.6 days. Currently, 0.5% of the shares of the stock are short sold.

SoftwareOne Stock Performance

SWONF opened at $8.01 on Friday. The business has a 50-day moving average of $8.55 and a two-hundred day moving average of $9.84. SoftwareOne has a 12 month low of $6.55 and a 12 month high of $11.34.

Analyst Upgrades and Downgrades

SWONF has been the subject of several analyst reports. Morgan Stanley downgraded shares of SoftwareOne to an “underweight” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SoftwareOne in a report on Thursday, April 9th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

About SoftwareOne

SoftwareOne (OTCMKTS:SWONF) is a global provider of end-to-end software and cloud portfolio solutions, helping organizations optimize their software licensing, cloud migrations and ongoing digital transformation initiatives. The company partners with leading software publishers, hyperscalers and managed service providers to deliver advisory, procurement and lifecycle management services under a unified engagement model. Its platform-agnostic approach enables clients to simplify complex licensing scenarios, reduce costs and improve governance across on-premises, cloud and hybrid environments.

Founded in 1985 in Stans, Switzerland, SoftwareOne has expanded through organic growth and strategic acquisitions to establish a presence in more than 90 countries worldwide.