Partner Communications Company Ltd. (NASDAQ:PTNR) Short Interest Down 26.1% in May

Partner Communications Company Ltd. (NASDAQ: PTNR – Get Rating) benefited from a sharp drop in short-term interest rates in May. As of May 15, there was short interest totaling 3,400 shares, down 26.1% from the April 30 total of 4,600 shares. Based on an average daily volume of 2,700 shares, the short interest ratio is currently 1.3 days.

NASDAQ: PTNR rose $0.25 on Monday, hitting $7.59. The company’s stock had a trading volume of 400 shares, compared to an average volume of 5,691. Partner Communications has a one-year low of $3.92 and a one-year high of $9.27. The company has a market capitalization of $1.39 billion, a P/E ratio of 28.11 and a beta of 0.75. The stock has a fifty-day moving average of $7.79 and a two-hundred-day moving average of $7.61. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt ratio of 0.74.

Partner Communications (NASDAQ:PTNR – Get Rating) last announced its quarterly results on Monday, February 28. The wireless communications provider reported earnings per share (EPS) of $0.14 for the quarter. Partner Communications achieved a return on equity of 8.25% and a net margin of 4.43%. The company recorded revenue of $274.00 million during the quarter.

Several hedge funds have recently changed their positions in PTNR. Morgan Stanley increased its equity stake in Partner Communications by 122.5% during the second quarter. Morgan Stanley now owns 6,407 shares of the wireless communications provider worth $29,000 after buying 3,528 additional shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Partner Communications during Q4 for a value of approximately $162,000. Susquehanna International Group LLP purchased a new stake in shares of Partner Communications during Q4 for a value of approximately $160,000. Envestnet Asset Management Inc. bought a new stake in Partner Communications in Q1 worth approximately $94,000. Finally, Jane Street Group LLC increased its stake in Partner Communications by 241.7% in the 1st quarter. Jane Street Group LLC now owns 39,399 shares of the wireless communications provider valued at $325,000 after purchasing an additional 27,869 shares during the period. 2.03% of the shares are held by institutional investors and hedge funds.

Separately, StockNews.com began covering Partner Communications stocks in a research note on Sunday. They set a “hold” rating for the company.

About communications with partners (Get a rating)

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed. The company offers cellular phone services, including basic cellular telephony, text messaging, Internet browsing and data transfer, content, handset repair, roaming and services provided to others operators authorized to use its cellular network, as well as Machine to Machine and Internet of Things services.

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