Cancom SE (OTCMKTS:CCCMF) Sees Large Drop in Short Interest
by Teresa Graham · The Cerbat GemCancom SE (OTCMKTS:CCCMF – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 19,079 shares, a decline of 20.5% from the November 30th total of 23,993 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Wall Street Analyst Weigh In
Separately, BNP Paribas raised Cancom from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Analysis on CCCMF
Cancom Stock Performance
Shares of OTCMKTS CCCMF remained flat at $28.20 during trading hours on Thursday. The firm has a 50 day simple moving average of $28.20 and a two-hundred day simple moving average of $27.72. Cancom has a 1 year low of $26.11 and a 1 year high of $28.20.
About Cancom
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.