flatexDEGIRO AG (OTCMKTS:FNNTF) Sees Significant Decrease in Short Interest

flatexDEGIRO AG (OTCMKTS:FNNTFGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,415 shares, a drop of 48.2% from the April 30th total of 12,375 shares. Based on an average daily volume of 215 shares, the days-to-cover ratio is currently 29.8 days.

Analyst Ratings Changes

Separately, Citigroup reiterated a “buy” rating on shares of flatexDEGIRO in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, flatexDEGIRO presently has an average rating of “Buy”.

Check Out Our Latest Research Report on FNNTF

flatexDEGIRO Stock Performance

Shares of OTCMKTS:FNNTF remained flat at $37.20 during midday trading on Monday. The business’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $38.16. flatexDEGIRO has a twelve month low of $33.70 and a twelve month high of $46.96.

About flatexDEGIRO

(Get Free Report)

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.

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