Short Interest in Aurizon Holdings Limited (OTCMKTS:QRNNF) Increases By 19.7%

Aurizon Holdings Limited (OTCMKTS:QRNNF) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 408,662 shares, a growth of 19.7% from the February 26th total of 341,277 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is presently 408,662.0 days.

Aurizon Price Performance

QRNNF stock opened at $2.76 on Tuesday. Aurizon has a one year low of $2.76 and a one year high of $2.99. The company’s 50 day moving average price is $2.63 and its two-hundred day moving average price is $2.39.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Aurizon to a “neutral” rating and set a $3.80 price objective for the company. in a report on Monday, February 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.80.

About Aurizon

Aurizon Group Ltd, trading as OTCMKTS:QRNNF, is Australia’s leading rail freight operator, specialising in bulk commodity and intermodal logistics. Formed in 2010 through the privatisation of Queensland Rail’s freight business, the company commands an extensive network spanning the Central Queensland coal system and key corridors along the country’s east coast. Aurizon’s core services encompass coal haulage, iron ore and other bulk mineral transport, as well as agricultural and livestock logistics.

In addition to bulk freight, Aurizon offers intermodal solutions that connect major ports and urban centres, supporting the movement of containers and consumer goods.