Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Decreases By 52.1%

Key Points

• Short interest in Flight Centre Ltd. decreased by 52.1% in August, dropping from 522,000 shares to 250,000 shares, representing only 0.1% of the company's shares sold short.
• Royal Bank of Canada has upgraded Flight Centre's rating to "outperform", contributing to a current consensus rating of "Buy" from analysts.
• The stock price of Flight Centre is currently around $8.10, having a 1-year range between $8.07 and $8.10.

Flight Centre Ltd. (OTCMKTS:FGETF - Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 250,000 shares, a drop of 52.1% from the August 15th total of 522,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2,500.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2,500.0 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised shares of Flight Centre to an "outperform" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".

Flight Centre Trading Up 0.4%

Flight Centre stock opened at $8.10 on Friday. Flight Centre has a 1 year low of $8.07 and a 1 year high of $8.10. The firm's 50 day moving average price is $8.10 and its 200-day moving average price is $8.35.

Flight Centre Company Profile

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries, as well as supplies products to its national and international network, or travel retail outlets.

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