Qantas Airways Limited (OTCMKTS:QABSY) Stock Short Interest Report for September

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 29,151 shares, a decline of 45.7% from the September 15th total of 53,667 shares. Based on an average daily trading volume, of 110,137 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Zacks Research cut Qantas Airways from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Qantas Airways presently has an average rating of “Sell”.

Qantas Airways Stock Down 2.7%

QABSY opened at $28.07 on Thursday. The company has a fifty day moving average price of $32.81 and a two-hundred day moving average price of $33.15. Qantas Airways has a 1-year low of $28.03 and a 1-year high of $39.21.

Qantas Airways Company Profile

Qantas Airways Limited is an Australian aviation company and the country’s national flag carrier. Founded in 1920, the company operates passenger and freight services under the Qantas brand and provides air transportation to domestic and international destinations.

Qantas serves major cities and regional communities across Australia, along with destinations in the Asia-Pacific region, North America, Europe and other international markets. Its operations include scheduled flights, cargo transportation and related travel services.

The company also operates Jetstar, a low-cost airline serving Australia, New Zealand and selected international markets.