SoftwareONE Holding AG (OTCMKTS:SWONF) Sees Large Decline in Short Interest

SoftwareONE Holding AG (OTCMKTS:SWONF) was the target of a significant 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SWONF shares. Citigroup raised shares of SoftwareONE to a “hold” rating in a research note on Monday, November 18th. Cantor Fitzgerald raised shares of SoftwareONE from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 14th.

SoftwareONE Price Performance

Shares of SWONF stock opened at $6.55 on Wednesday. SoftwareONE has a 52-week low of $6.55 and a 52-week high of $20.36. The firm’s 50 day moving average price is $7.80 and its two-hundred day moving average price is $14.78.

About SoftwareONE

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.