Gamma Communications plc (OTCMKTS:GAMCF) Sees Significant Increase in Short Interest

Gamma Communications plc (OTCMKTS:GAMCF) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 59,012 shares, an increase of 1,237.8% from the January 15th total of 4,411 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Gamma Communications Stock Performance

OTCMKTS:GAMCF opened at $9.59 on Wednesday. Gamma Communications has a 12 month low of $9.59 and a 12 month high of $13.85. The stock has a 50 day moving average of $9.59 and a two-hundred day moving average of $11.69.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Gamma Communications in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Gamma Communications Company Profile

Gamma Communications is a United Kingdom–based provider of cloud-based communication and connectivity solutions for businesses. The company offers a comprehensive suite of services including hosted telephony, SIP trunking, unified communications, mobile voice and data plans, as well as managed network and internet solutions. By integrating voice and data services on a single platform, Gamma enables customers to enhance collaboration, reduce complexity and consolidate billing under one provider.

Founded in the late 1990s and headquartered in Coventry, Gamma has developed its network infrastructure to deliver high-availability services across the UK and Ireland.