Cellcom Israel, Ltd. (OTCMKTS:CELJF) Sees Significant Growth in Short Interest

Cellcom Israel, Ltd. (OTCMKTS:CELJFGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 10,338 shares, a growth of 131.1% from the July 30th total of 4,473 shares. Based on an average daily trading volume, of 198 shares, the short-interest ratio is presently 52.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Cellcom Israel

An institutional investor recently bought a new position in Cellcom Israel stock. AWM Investment Company Inc. acquired a new stake in shares of Cellcom Israel, Ltd. (OTCMKTS:CELJFFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 624,700 shares of the company’s stock, valued at approximately $5,529,000. AWM Investment Company Inc. owned about 0.38% of Cellcom Israel as of its most recent SEC filing.

Cellcom Israel Stock Performance

Shares of Cellcom Israel stock traded down $0.32 during trading hours on Friday, hitting $11.28. The company’s stock had a trading volume of 3,950 shares, compared to its average volume of 334. The business has a 50 day moving average price of $10.51 and a two-hundred day moving average price of $10.99. Cellcom Israel has a 12-month low of $8.01 and a 12-month high of $14.12. The company has a market cap of $1.84 billion, a PE ratio of 26.86 and a beta of 0.89.

Cellcom Israel Company Profile

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Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.

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