Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) Sees Large Growth in Short Interest

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 196 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.0% of the company’s stock are sold short.

Samsung Electronics Price Performance

Shares of Samsung Electronics stock remained flat at $140.00 on Tuesday. The firm has a market cap of $18.07 billion, a PE ratio of 52.24 and a beta of 0.88. Samsung Electronics has a fifty-two week low of $65.21 and a fifty-two week high of $140.00. The stock has a fifty day moving average of $140.00 and a two-hundred day moving average of $126.31.

Analysts Set New Price Targets

A number of research firms have issued reports on SSNLF. Erste Group Bank downgraded Samsung Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Zacks Research raised shares of Samsung Electronics to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Samsung Electronics

Samsung Electronics Co, Ltd. is a South Korean technology company headquartered in Suwon, South Korea. Founded in 1969, the company has grown into a global electronics and semiconductor manufacturer serving consumers, businesses and industrial customers worldwide.

Samsung operates through two primary business areas. Its Device eXperience segment develops and sells smartphones and tablets under the Galaxy brand, televisions, monitors, home appliances, personal computers, network equipment and related services.