Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Drops By 56.1%

Key Points

• Short interest in Flight Centre Ltd. decreased by 56.1% from 367,800 shares to 161,300 shares in September.
• The stock opened at $8.10, with a one-year low of $8.07 and high of $8.10, indicating minimal price movement.
• Royal Bank of Canada upgraded Flight Centre to an "outperform" rating, contributing to a consensus rating of "Buy" among analysts.

Flight Centre Ltd. (OTCMKTS:FGETF - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 161,300 shares, a decrease of 56.1% from the September 15th total of 367,800 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Flight Centre Stock Performance

Shares of Flight Centre stock opened at $8.10 on Friday. The firm has a fifty day moving average of $8.10 and a two-hundred day moving average of $8.10. Flight Centre has a one year low of $8.07 and a one year high of $8.10.

Analysts Set New Price Targets

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

About Flight Centre

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.