SoftwareOne Holding AG (OTCMKTS:SWONF) Sees Large Drop in Short Interest

SoftwareOne Holding AG (OTCMKTS:SWONF) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 946,788 shares, a drop of 35.8% from the February 26th total of 1,475,397 shares. Based on an average daily volume of 1,267 shares, the days-to-cover ratio is currently 747.3 days.

SoftwareOne Stock Performance

OTCMKTS SWONF opened at $8.30 on Friday. The stock’s 50-day simple moving average is $9.21 and its two-hundred day simple moving average is $10.08. SoftwareOne has a twelve month low of $5.83 and a twelve month high of $11.34.

Analysts Set New Price Targets

Separately, Morgan Stanley cut shares of SoftwareOne to an “underweight” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

SoftwareOne Company Profile

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.