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

flatexDEGIRO AG (OTCMKTS:FNNTF) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 96,219 shares, an increase of 382.3% from the June 30th total of 19,948 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

flatexDEGIRO Stock Performance

FNNTF stock opened at $43.25 on Friday. The firm has a 50 day moving average of $39.27 and a 200-day moving average of $40.16. flatexDEGIRO has a 12 month low of $33.70 and a 12 month high of $46.96.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a research report on Monday, July 6th. Barclays started coverage on shares of flatexDEGIRO in a report on Friday, June 12th. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of flatexDEGIRO in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About flatexDEGIRO

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.