Short Interest in flatexDEGIRO AG (OTCMKTS:FNNTF) Drops By 48.2%

flatexDEGIRO AG (OTCMKTS:FNNTFGet Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 6,415 shares, a decline of 48.2% from the April 30th total of 12,375 shares. Based on an average trading volume of 215 shares, the days-to-cover ratio is currently 29.8 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “buy” rating on shares of flatexDEGIRO in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, flatexDEGIRO currently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on FNNTF

flatexDEGIRO Price Performance

Shares of OTCMKTS:FNNTF remained flat at $37.20 during midday trading on Tuesday. The stock has a 50 day moving average price of $37.39 and a 200 day moving average price of $38.20. flatexDEGIRO has a 1 year low of $33.70 and a 1 year high of $46.96.

About flatexDEGIRO

(Get Free Report)

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.

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