Short Interest in Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) Drops By 66.7%

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 100 shares, a decline of 66.7% from the December 15th total of 300 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 0.5 days.

Shares of OTCMKTS:SSNLF remained flat at $$44.20 during mid-day trading on Wednesday. 500 shares of the stock traded hands, compared to its average volume of 100. The company has a 50 day moving average of $304.10 and a two-hundred day moving average of $466.49. The firm has a market capitalization of $5.71 billion, a P/E ratio of 16.49 and a beta of 3.89. Samsung Electronics has a 12 month low of $1,400.00 and a 12 month high of $2,450.00.

Samsung Electronics (OTCMKTS:SSNLF) last released its quarterly earnings data on Thursday, October 29th. The technology company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.16. The company had revenue of $56.38 billion during the quarter, compared to the consensus estimate of $52.93 billion. On average, analysts expect that Samsung Electronics will post 3.13 EPS for the current year.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Samsung Electronics in a research note on Wednesday, November 25th.

About Samsung Electronics

Samsung Electronics Co, Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices.

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