flatexDEGIRO AG (OTCMKTS:FNNTF) Stock Short Interest Report for September

flatexDEGIRO AG (OTCMKTS:FNNTF) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 6,731 shares, a decline of 91.6% from the September 15th total of 80,307 shares. Based on an average daily trading volume, of 1,671 shares, the short-interest ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FNNTF. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a report on Tuesday. Jefferies Financial Group restated a “hold” rating on shares of flatexDEGIRO in a research report on Wednesday, July 22nd. Morgan Stanley upgraded shares of flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a report on Thursday, September 3rd. Finally, Barclays started coverage on shares of flatexDEGIRO in a report on Friday, June 12th. They set an “overweight” rating on the stock. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

flatexDEGIRO Price Performance

OTCMKTS:FNNTF remained flat at $33.90 during trading hours on Friday. The stock’s fifty day moving average price is $39.56 and its 200 day moving average price is $38.99. flatexDEGIRO has a twelve month low of $32.57 and a twelve month high of $46.96.

About flatexDEGIRO

flatexDEGIRO AG is a European online brokerage group that provides retail investors with digital access to securities markets. The company operates through the flatex and DEGIRO brands, offering brokerage services through online platforms and mobile applications.

Its services include trading and investing in shares, exchange-traded funds, bonds, investment funds, derivatives and other financial instruments. The group also provides related services such as securities custody, savings and investment plans, market information and portfolio-management tools, subject to the regulatory requirements of the countries in which it operates.

flatexDEGIRO was formed through the combination of German online broker flatex, established in 2006, and Dutch brokerage firm DEGIRO, founded in 2008.