Flight Centre Ltd. (OTCMKTS:FGETF – Get Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 371,052 shares, a decrease of 38.0% from the June 30th total of 598,704 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.2% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Citigroup cut Flight Centre to a “neutral” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Flight Centre presently has an average rating of “Buy”.
Read Our Latest Research Report on Flight Centre
Flight Centre Stock Performance
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.
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