Short Interest in SoftwareONE Holding AG (OTCMKTS:SWONF) Declines By 20.1%

SoftwareONE Holding AG (OTCMKTS:SWONF) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 271,600 shares, a decrease of 20.1% from the December 15th total of 340,000 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 339.5 days.

SoftwareONE Stock Performance

SWONF stock opened at $6.55 on Friday. The business’s 50 day moving average is $7.74 and its 200-day moving average is $14.66. SoftwareONE has a 1-year low of $6.55 and a 1-year high of $20.36.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SWONF shares. Citigroup upgraded SoftwareONE to a “hold” rating in a research report on Monday, November 18th. Cantor Fitzgerald raised shares of SoftwareONE from a “strong sell” rating to a “hold” rating in a report on Thursday, November 14th.

SoftwareONE Company Profile

SoftwareONE Holding AG provides software and cloud solutions in Switzerland, Europe, the Middle East, Africa, the United States, Canada, Latin America, and the Asia Pacific. The company develops and delivers the technology solutions that modernise applications and software in the cloud. It serves large enterprises, corporates, small and medium-sized enterprises, and public sector organizations.