Partner Communications Company Ltd. (NASDAQ:PTNR) Short Interest Up 42.9% in July

Partner Communications Company Ltd. (NASDAQ: PTNR – Get Rating) benefited from significant growth in short-term interest rates in July. As of July 15, there was short interest totaling 1,000 shares, a growth of 42.9% from the total of 700 shares as of June 30. Based on an average daily volume of 4,300 shares, the day-to-cover ratio is currently 0.2 days.

Analyst upgrades and downgrades

A number of analysts have recently released reports on the stock. StockNews.com began covering Partner Communications stocks in a research note on Thursday, June 30. They set a “hold” rating for the company. Barclays set a price target of 3,000.00 on Partner Communications in a Thursday, June 2 report.

Inventory of partner communications up 0.9%

Shares of PTNR rose $0.07 on Friday, hitting $7.81. The stock had a trading volume of 1,327 shares, compared to an average volume of 5,558. The company has a quick ratio of 1.03, a current ratio of 1.10 and a leverage ratio of 0.74. The company has a 50-day moving average price of $7.32 and a 200-day moving average price of $7.72. The company has a market capitalization of $1.45 billion, a PE ratio of 28.93 and a beta of 0.74. Partner Communications has a one-year minimum of $3.92 and a one-year maximum of $9.27.

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Partner Communications (NASDAQ:PTNR – Get Rating) last announced its results on Tuesday, May 24. The wireless communications provider reported EPS of $0.07 for the quarter. The company recorded revenue of $269.00 million during the quarter. Partner Communications achieved a net margin of 4.43% and a return on equity of 8.25%.

Hedge funds weigh on communications with partners

Major investors have recently increased or reduced their stake in the company. Envestnet Asset Management Inc. acquired a new position in shares of Partner Communications during the first quarter worth approximately $94,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Partner Communications during the fourth quarter worth approximately $162,000. Finally, Jane Street Group LLC increased its equity stake in Partner Communications by 241.7% during the first quarter. Jane Street Group LLC now owns 39,399 shares of the wireless communications provider valued at $325,000 after acquiring an additional 27,869 shares last quarter. 2.03% of the shares are currently held by institutional investors.

Partner Communications Company Profile

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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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