Net Element International Short Interest Down 23.1% in September (NETE)
Posted by Ethan Ryder on Sep 30th, 2015 // No Comments
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Net Element International logoShares of Net Element International (NASDAQ:NETE) were the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 1,143,971 shares, a decline of 23.1% from the August 31st total of 1,488,210 shares, Market Beat Ratings reports. Currently, 5.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,597,958 shares, the days-to-cover ratio is presently 0.7 days.
Net Element International (NASDAQ:NETE) opened at 0.1625 on Wednesday. The firm’s market capitalization is $10.91 million. The firm’s 50-day moving average is $0.20 and its 200-day moving average is $0.59. Net Element International has a 12 month low of $0.12 and a 12 month high of $2.48.
Net Element International (NASDAQ:NETE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $6.91 million for the quarter, compared to the consensus estimate of $4.91 million. On average, equities research analysts expect that Net Element International will post ($0.06) EPS for the current year
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