Cellcom Israel Ltd. (NYSE:CEL) Short Interest Down 14.7% in December

Cellcom Israel Ltd. (NYSE:CEL) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 48,700 shares, a decrease of 14.7% from the December 15th total of 57,100 shares. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.1% of the shares of the company are sold short.

Separately, ValuEngine upgraded shares of Cellcom Israel from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of Cellcom Israel stock traded up $0.18 on Tuesday, hitting $3.14. The stock had a trading volume of 32,500 shares, compared to its average volume of 22,167. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.36 and a quick ratio of 1.32. Cellcom Israel has a twelve month low of $1.80 and a twelve month high of $5.57. The business’s 50 day moving average is $2.91 and its two-hundred day moving average is $2.68.

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Cellcom Israel in the 2nd quarter valued at $34,000. Phoenix Holdings Ltd. bought a new position in Cellcom Israel during the 3rd quarter worth $2,926,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Cellcom Israel by 0.3% during the second quarter. Renaissance Technologies LLC now owns 3,751,877 shares of the technology company’s stock worth $10,843,000 after buying an additional 12,600 shares in the last quarter. 6.57% of the stock is owned by institutional investors and hedge funds.

Cellcom Israel Company Profile

Cellcom Israel Ltd. provides cellular and landline telecommunications services in Israel. It operates through two segments, Cellular and Fixed-line. The company offers basic cellular telephony services, such as voice mail, cellular fax, call waiting, call forwarding, caller identification, conference calling, and inbound and outbound roaming services; and data transfer, and upload and download services.

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