Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Down 72.6% in July

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 13,764 shares, a decline of 72.6% from the June 30th total of 50,288 shares. Based on an average trading volume of 29,641 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Zacks Research cut Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Qantas Airways has a consensus rating of “Sell”.

Qantas Airways Stock Performance

OTCMKTS:QABSY traded up $0.58 during mid-day trading on Tuesday, reaching $36.76. The stock had a trading volume of 5,749 shares, compared to its average volume of 48,715. The stock has a 50-day simple moving average of $34.59 and a two-hundred day simple moving average of $33.58. Qantas Airways has a 12 month low of $28.15 and a 12 month high of $41.65.

About Qantas Airways

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.