Cancom SE (OTCMKTS:CCCMF) Sees Large Decline in Short Interest

Cancom SE (OTCMKTS:CCCMF) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 19,079 shares, a decline of 20.5% from the November 30th total of 23,993 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded shares of Cancom from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cancom has an average rating of “Hold”.

Cancom Price Performance

Shares of Cancom stock opened at $28.20 on Wednesday. Cancom has a 52 week low of $26.11 and a 52 week high of $28.20. The company has a 50 day moving average price of $28.20 and a 200 day moving average price of $27.71.

Cancom Company Profile

CANCOM SE is a Germany‐based IT infrastructure and managed services provider that delivers end‐to‐end technology solutions to corporate and public sector clients. The company’s offerings span the full spectrum of digital transformation, including cloud computing, IT security, networking, software licensing, and digital workplace services. By integrating hardware, software, and consulting, CANCOM aims to optimize its customers’ operational efficiency and drive innovation in a rapidly evolving technology landscape.

Founded in 1992 and headquartered in Munich, CANCOM has built a presence across the DACH region (Germany, Austria, Switzerland) and selected markets in Europe.