Qantas Airways Limited (OTCMKTS:QABSY) Shares Shorted: Short Interest Down 56.5% in October

Qantas Airways Limited (OTCMKTS:QABSY) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 12,685 shares, a decline of 56.5% from the September 30th total of 29,151 shares. Based on an average daily trading volume, of 115,993 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Qantas Airways Stock Up 0.3%

OTCMKTS QABSY traded up $0.08 during trading hours on Friday, reaching $30.72. The company’s stock had a trading volume of 49,205 shares, compared to its average volume of 84,944. Qantas Airways has a 1 year low of $27.82 and a 1 year high of $39.21. The firm’s 50-day moving average price is $31.40 and its 200-day moving average price is $33.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Qantas Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

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.