Cellcom Israel, Ltd. (OTCMKTS:CELJF) Sees Significant Drop in Short Interest

Cellcom Israel, Ltd. (OTCMKTS:CELJF) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 9,466 shares, a drop of 15.9% from the February 26th total of 11,253 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,474 shares, the short-interest ratio is currently 2.1 days.

Cellcom Israel Price Performance

Cellcom Israel stock opened at $10.10 on Monday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 24.05 and a beta of 0.94. The company’s 50 day simple moving average is $11.46 and its 200 day simple moving average is $10.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.68 and a quick ratio of 0.63. Cellcom Israel has a fifty-two week low of $3.00 and a fifty-two week high of $13.42.

Cellcom Israel (OTCMKTS:CELJF) last issued its earnings results on Monday, January 12th. The company reported $0.13 EPS for the quarter. The firm had revenue of $307.28 million during the quarter. Cellcom Israel had a net margin of 5.98% and a return on equity of 10.12%.

About Cellcom Israel

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.