Qantas Airways Limited (OTCMKTS:QABSY) Sees Significant Increase in Short Interest

Qantas Airways Limited (OTCMKTS:QABSY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 53,667 shares, an increase of 91.5% from the August 31st total of 28,018 shares. Based on an average daily volume of 66,163 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Qantas Airways from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Qantas Airways has a consensus rating of “Hold”.

Qantas Airways Price Performance

Qantas Airways stock opened at $31.60 on Tuesday. The company’s 50 day simple moving average is $34.13 and its 200-day simple moving average is $33.12. Qantas Airways has a 1 year low of $28.15 and a 1 year high of $39.21.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s national airline and the parent company of the Qantas Group. Founded in 1920, the company operates passenger air transportation, air cargo and related travel businesses under the Qantas and Jetstar brands.

Qantas provides domestic and international scheduled flights, while Jetstar offers value-focused air travel in Australia and selected markets across the Asia-Pacific region. The group also operates freight services, holiday and travel businesses, and the Qantas Frequent Flyer loyalty program.

The Qantas Group serves destinations throughout Australia and connects the country with markets across New Zealand, Asia, Europe, North America and the South Pacific.