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Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Increases By 35.8%

Flight Centre logo with Consumer Discretionary background

Key Points

  • Short interest in Flight Centre Ltd. increased by 35.8% in August, reaching a total of 522,000 shares compared to 384,500 shares at the end of July.
  • Royal Bank of Canada upgraded Flight Centre to an "outperform" rating, contributing to a consensus rating of "Buy" among analysts.
  • The current stock price for Flight Centre is <$8.07, with a one-year low of $8.07 and a high of $8.10.
  • Interested in Flight Centre? Here are five stocks we like better.

Flight Centre Ltd. (OTCMKTS:FGETF - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 522,000 shares, agrowthof35.8% from the July 31st total of 384,500 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on FGETF

Flight Centre Stock Performance

Shares of Flight Centre stock traded down $0.03 on Monday, hitting $8.07. 750 shares of the company's stock traded hands, compared to its average volume of 8. The firm's 50-day moving average price is $8.10 and its two-hundred day moving average price is $8.39. Flight Centre has a one year low of $8.07 and a one year high of $8.10.

About Flight Centre

(Get Free Report)

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.

See Also

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