Internet Gold Golden Lines Ltd. (NASDAQ:IGLD) Stock Traded Higher Than Its 50 Day Average

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Shares last traded at $8.24 which is just over $7.67, the 50 day moving average and a tad under the 200 day moving average of $8.90. The 50 day moving average went up by +7.3850% and the 200 day average went down $-0.66 or -7.3949%. Internet Gold Golden Lines Ltd. shares had a trading volume of 217 on Tuesday. Volume was down 48.33% under the stocks average daily volume.

Traders are feeling more bearish on shares of the company of late if you take note of the increase in short interest. The stock saw a rise in short interest of 97.36% as of the latest report on September 29, 2017. Short interest increased 996 over that period. With short interest at 2,019 and short average daily volume at 536, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.00% as of September 29.

A few notable investment firms have updated their holdings. As of the end of the quarter Zurcher Kantonalbank (zurich Cantonalbank) had sold a total of 7,183 shares trimming its holdings by 91.9%. The value in dollars decreased from $94,000 to $7,000 decreasing 92.6% for the reporting period. Tower Research Capital LLC (trc) cut its investment by shedding 246 shares a decrease of 100.0% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) claims 0 shares with a value of $0. The total value of its holdings decreased 100.0%.

Ubs Group Ag grew its holdings by buying 4,464 shares an increase of 505.0% in the quarter. Ubs Group Ag controls 5,348 shares worth $47,000. The value of the position overall is up by 422.2%. As of quarter end Acadian Asset Management LLC had disposed of 21,548 shares trimming its position 78.1%. The value of the investment in Internet Gold Golden Lines Ltd. went from $257,000 to $45,000 a change of $212,000 since the last quarter.

Internet Gold-Golden Lines Ltd., launched on April 29, 1992, is a communications company. The Business’s subsidiary is B Communications Ltd. (B Communications). The Business’s principal asset is its controlling interest through B Communications in Bezeq-The Israel Telecommunications Corp., Ltd. (Bezeq), which is a telecommunications provider. The Business’s segments include Domestic Fixed-Line Communications (Bezeq), Cellular Communications (Pelephone Communications Ltd.(Pelephone)), International Communications and Internet Services (Bezeq International Ltd. (Bezeq International)) and Multi-Channel Television (DBS Satellite Services (1998) Ltd. (DBS)). The Bezeq Group includes Bezeq, Pelephone, Bezeq International and DBS. The Business’s other operations include call center services (Bezeq Online Ltd.), and online shopping and classified advertisements, (through Walla! Communications Ltd.)..

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