Qantas Airways Limited (OTCMKTS:QABSY) Stock Short Interest Report for October

Qantas Airways Limited (OTCMKTS:QABSY) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 12,685 shares, a decrease of 56.5% from the September 30th total of 29,151 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 115,993 shares, the days-to-cover ratio is presently 0.1 days.

Qantas Airways Price Performance

OTCMKTS QABSY traded up $0.08 on Friday, reaching $30.72. The company’s stock had a trading volume of 49,205 shares, compared to its average volume of 84,944. Qantas Airways has a twelve month low of $27.82 and a twelve month high of $39.21. The firm’s 50 day moving average is $31.40 and its two-hundred day moving average is $33.19.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Qantas Airways

Qantas Airways Limited is an Australian aviation company and the country’s national flag carrier. Founded in 1920, the company operates passenger and freight services under the Qantas brand and provides air transportation to domestic and international destinations.

Qantas serves major cities and regional communities across Australia, along with destinations in the Asia-Pacific region, North America, Europe and other international markets. Its operations include scheduled flights, cargo transportation and related travel services.

The company also operates Jetstar, a low-cost airline serving Australia, New Zealand and selected international markets.