Cellcom Israel Ltd. (NYSE:CEL) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 98,500 shares, a growth of 23.3% from the July 31st total of 79,900 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 17,000 shares, the short-interest ratio is presently 5.8 days.
Separately, ValuEngine lowered Cellcom Israel from a “hold” rating to a “sell” rating in a research note on Friday, June 7th.
CEL traded down $0.01 on Friday, hitting $2.12. 5,500 shares of the stock traded hands, compared to its average volume of 15,365. Cellcom Israel has a 52 week low of $1.97 and a 52 week high of $7.23. The business has a fifty day moving average price of $2.51 and a two-hundred day moving average price of $3.48. The company has a current ratio of 1.43, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19.
Cellcom Israel (NYSE:CEL) last released its quarterly earnings data on Thursday, August 15th. The technology company reported ($0.08) earnings per share for the quarter. Cellcom Israel had a negative net margin of 2.25% and a negative return on equity of 5.01%. The company had revenue of $258.00 million during the quarter.
Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Cellcom Israel by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 3,751,877 shares of the technology company’s stock valued at $10,843,000 after purchasing an additional 12,600 shares during the period. Delek Group Ltd. boosted its holdings in shares of Cellcom Israel by 120.6% in the 2nd quarter. Delek Group Ltd. now owns 2,161,999 shares of the technology company’s stock worth $6,090,000 after acquiring an additional 1,181,942 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Cellcom Israel in the 2nd quarter worth approximately $34,000. Finally, ARK Investment Management LLC lifted its holdings in Cellcom Israel by 29.8% during the 2nd quarter. ARK Investment Management LLC now owns 110,305 shares of the technology company’s stock worth $319,000 after buying an additional 25,328 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.
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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