Partner Communications Company Ltd (PTNR) Sees Significant Growth in Short Interest

Partner Communications Company Ltd (NASDAQ:PTNR) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 18,479 shares, a growth of 7.1% from the March 15th total of 17,253 shares. Based on an average daily volume of 3,220 shares, the days-to-cover ratio is currently 5.7 days.

An institutional investor recently raised its position in Partner Communications Company stock. Renaissance Technologies LLC boosted its position in Partner Communications Company Ltd (NASDAQ:PTNR) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,664,600 shares of the Wireless communications provider’s stock after buying an additional 10,300 shares during the period. Renaissance Technologies LLC owned 1.70% of Partner Communications Company worth $12,497,000 as of its most recent SEC filing. 1.95% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet raised Partner Communications Company from a “d+” rating to a “c-” rating in a research note on Friday, March 3rd.

Partner Communications Company (NASDAQ:PTNR) traded down 0.20% on Friday, reaching $5.11. The company had a trading volume of 2,194 shares. The firm has a 50-day moving average of $5.59 and a 200-day moving average of $5.21. The stock has a market capitalization of $802.23 million, a P/E ratio of 56.15 and a beta of 1.89. Partner Communications Company has a 12 month low of $4.00 and a 12 month high of $6.41.

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Partner Communications Company Company Profile

Partner Communications Company Ltd. is a telecommunications company. The Company is engaged in the business of cellular telephony, provided on its second generation (2G), third generation (3G) and fourth generation (4G) networks. It operates through two segments: cellular segment and fixed-line segment.

5 Day Chart for NASDAQ:PTNR

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