United Internet AG (OTCMKTS:UDIRF) Sees Significant Decline in Short Interest

United Internet AG (OTCMKTS:UDIRF) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 16,700 shares, a drop of 76.7% from the March 15th total of 71,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 167.0 days.

Analyst Upgrades and Downgrades

Separately, BNP Paribas cut shares of United Internet from a “hold” rating to a “strong sell” rating in a report on Thursday, April 10th.

United Internet Stock Performance

UDIRF stock traded up $2.00 during mid-day trading on Wednesday, reaching $21.50. The company had a trading volume of 3,488 shares, compared to its average volume of 972. The stock’s 50-day simple moving average is $17.54 and its two-hundred day simple moving average is $19.04. The stock has a market capitalization of $4.13 billion, a P/E ratio of -2,150,000.00 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. United Internet has a one year low of $15.55 and a one year high of $21.50.

About United Internet

United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.