Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Update

Flight Centre Ltd. (OTCMKTS:FGETF) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 869,602 shares, an increase of 43.7% from the January 29th total of 605,106 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Flight Centre to a “strong-buy” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Flight Centre currently has a consensus rating of “Strong Buy”.

Flight Centre Price Performance

FGETF opened at $10.11 on Monday. The firm’s 50-day simple moving average is $10.11 and its 200-day simple moving average is $8.83. Flight Centre has a twelve month low of $8.07 and a twelve month high of $10.12.

About Flight Centre

Flight Centre Travel Group (OTCMKTS: FGETF) is a global travel agency headquartered in Brisbane, Australia. The company operates across both leisure and corporate segments, offering travel booking services, tailored itineraries and travel management solutions. Through an integrated network of retail stores, online platforms and dedicated corporate divisions, Flight Centre provides airfares, hotel accommodations, package tours and ancillary travel products to individual and business clients.

Founded in 1982 by Graham Turner and Geoff Harris, the company has expanded from a single storefront in Sydney into a multinational enterprise.