Short Interest Watching: What’s Cellcom Israel Limited (NYSE:CEL) Upside After This Short Interest Decrease?

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Watching: What's Cellcom Israel Limited (NYSE:CEL) Upside After This Short Interest Decrease?

The stock of Cellcom Israel Limited (NYSE:CEL) registered a decrease of 4.82% in short interest. CEL’s total short interest was 102,700 shares in November as published by FINRA. Its down 4.82% from 107,900 shares, reported previously. With 11,900 shares average volume, it will take short sellers 9 days to cover their CEL’s short positions. The short interest to Cellcom Israel Limited’s float is 0.19%. The stock increased 3.25% or $0.25 on November 28, hitting $7.94. Cellcom Israel Ltd. (NYSE:CEL) has risen 4.76% since April 26, 2016 and is uptrending. It has underperformed by 0.50% the S&P500.

Cellcom Israel Ltd. is a provider of cellular communications services. The company has a market cap of $797.18 million. The Firm offers a range of cellular services through its second-generation , third-generation (3G) and fourth-generation (4G) cellular networks. It has a 20.2 P/E ratio. These services include basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services.

CEL Company Profile

Cellcom Israel Ltd., incorporated on January 31, 1994, is a well-known provider of cellular communications services. The Firm offers a range of cellular services through its second-generation (2G), third-generation (3G) and fourth-generation (4G) cellular networks. These services include basic and cellular telephone services, text and multimedia messaging services, and cellular content and data services. The Firm also offers international roaming services in approximately 180 countries. The Firm offers its subscribers a selection of handsets from various manufacturers, as well as repair services on most handsets it offers. It also offers landline transmission and data services to business clients and telecommunications operators, as well as Over the Top (OTT) Television services. Through its subsidiary, Netvision, the Company offers Internet infrastructure services through the landline wholesale market. It also offers Internet connectivity services (ISP), international calling services (ILD), landline telephony (VOB) and teleconferencing services. Additional services include cloud services and data protection products solutions based on services and products offered by the Company and by third-party vendors.

More notable recent Cellcom Israel Ltd. (NYSE:CEL) news were published by: Prnewswire.com which released: “Cellcom Israel Announces Current Status Re Golan Telecom” on November 27, 2016, also Prnewswire.com with their article: “Cellcom Israel Announces Liquidation Request Against Golan Telecom” published on November 29, 2016, Quotes.Wsj.com published: “News Cellcom Israel Ltd.CEL” on February 11, 2011. More interesting news about Cellcom Israel Ltd. (NYSE:CEL) were released by: Prnewswire.com and their article: “Cellcom Israel Ltd. Announces Agreement To Purchase Golan Telecom” published on November 05, 2015 as well as Prnewswire.com‘s news article titled: “Cellcom Israel Announces Second Quarter 2016 Results” with publication date: August 10, 2016.

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By Ruchi Gupta


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