Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Expands By 47.1%

Key Points

• Short interest in Flight Centre Ltd. increased by 47.1% in September, totaling 367,800 shares compared to 250,000 shares at the end of August.
• The days-to-cover ratio for Flight Centre stock is currently 1,839.0 days, indicating a slow average daily trading volume of only 200 shares.
• Wall Street analysts have a consensus rating of "Buy" for Flight Centre, with RBC raising its rating to "outperform".

Flight Centre Ltd. (OTCMKTS:FGETF - Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 367,800 shares, a growth of 47.1% from the August 31st total of 250,000 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1,839.0 days. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1,839.0 days.

Wall Street Analysts Forecast Growth

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

Flight Centre Stock Performance

FGETF stock remained flat at $8.10 during midday trading on Tuesday. The business has a 50 day simple moving average of $8.10 and a 200 day simple moving average of $8.17. Flight Centre has a 52-week low of $8.07 and a 52-week high of $8.10.

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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