Partner Communications Company Ltd. (NASDAQ:PTNR – Get Rating) was the target of a sharp surge in short interest in August. As of August 15, there was short interest totaling 1,200 shares, an increase of 100.0% from July 31 of 600 shares. Based on an average trading volume of 4,400 shares, the short interest ratio is currently 0.3 days.
Partner Communications stock performance
PTNR fell $0.09 on Friday midday to hit $8.39. The company’s shares had a trading volume of 737 shares compared to an average volume of 5,284. The stock has a market cap of $1.55 billion, a P/E of 26.22, and a beta of 0.76. The company has a 50-day simple moving average of $7.75 and a 200-day simple moving average of $7.71. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt to equity ratio of 0.60. Partner Communications has a 12-month low of $3.92 and a 12-month high of $9.27.
Partner Communications (NASDAQ:PTNR – Get Rating) last announced its earnings results on Tuesday, May 24th. The wireless communications provider reported earnings per share (EPS) of $0.07 for the quarter. The company had revenue of $269.00 million for the quarter. Partner Communications had a return on equity of 9.89% and a net margin of 5.44%.
Analysts set new price targets
A number of research analysts have recently commented on PTNR stocks. Barclays set a target price of 3,000.00 for Partner Communications in a report on Thursday, June 2nd. StockNews.com upgraded Partner Communications from a “hold” rating to a “buy” rating in a report Monday, August 15th.
Institutional trading with partner communication
A number of hedge funds and other institutional investors have recently added to or reduced their holdings in PTNR. Bank of Montreal Can acquired a new stake in Partner Communications stock valued at approximately $86,000 during the second quarter. Envestnet Asset Management Inc. increased its position in Partner Communications shares by 13.8% during the second quarter. Envestnet Asset Management Inc. now owns 13,011 shares of the wireless communications provider, valued at $91,000, after purchasing an additional 1,579 shares during the period. Finally, Jane Street Group LLC increased its position in Partner Communications stock by 241.7% during the first quarter. Jane Street Group LLC now owns 39,399 shares of the wireless communications provider, valued at $325,000, having purchased an additional 27,869 shares during the period. Institutional investors and hedge funds own 2.03% of the company’s shares.
Company profile for partner communication
Partner Communications Company Ltd. offers various telecommunications services in Israel. It operates in two segments, Mobile and Fixed. The Company provides cellular services, including basic cellular calling, text messaging, Internet browsing and data transfer, content, cell phone repair, roaming and services to other operators authorized to use its cellular network, as well as machine-to-machine and Internet of Things services .
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