Flight Centre Ltd. (OTCMKTS:FGETF) Sees Significant Drop in Short Interest

Flight Centre Ltd. (OTCMKTS:FGETF) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 155,580 shares, a drop of 48.5% from the July 30th total of 302,102 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Flight Centre to a “neutral” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Flight Centre Price Performance

OTCMKTS FGETF opened at $9.56 on Tuesday. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $8.18. Flight Centre has a one year low of $6.73 and a one year high of $10.12.

About Flight Centre

Flight Centre Travel Group (OTCMKTS: FGETF) is a global travel agency headquartered in Brisbane, Australia. The company operates across both leisure and corporate segments, offering travel booking services, tailored itineraries and travel management solutions. Through an integrated network of retail stores, online platforms and dedicated corporate divisions, Flight Centre provides airfares, hotel accommodations, package tours and ancillary travel products to individual and business clients.

Founded in 1982 by Graham Turner and Geoff Harris, the company has expanded from a single storefront in Sydney into a multinational enterprise.