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

flatexDEGIRO AG (OTCMKTS:FNNTF – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,731 shares, a drop of 91.6% from the September 15th total of 80,307 shares. Based on an average trading volume of 1,671 shares, the short-interest ratio is presently 4.0 days.

flatexDEGIRO Price Performance

OTCMKTS:FNNTF opened at $33.90 on Friday. flatexDEGIRO has a 12-month low of $32.57 and a 12-month high of $46.96. The stock’s 50 day simple moving average is $39.56 and its 200-day simple moving average is $38.99.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNNTF. Jefferies Financial Group reiterated a “hold” rating on shares of flatexDEGIRO in a research report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a research report on Tuesday. Morgan Stanley upgraded shares of flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 3rd. Finally, Barclays assumed coverage on shares of flatexDEGIRO in a report on Friday, June 12th. They issued an “overweight” rating for the company. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on FNNTF

About flatexDEGIRO

(Get Free Report)

flatexDEGIRO AG is a European online brokerage group that provides retail investors with digital access to securities markets. The company operates through the flatex and DEGIRO brands, offering brokerage services through online platforms and mobile applications.

Its services include trading and investing in shares, exchange-traded funds, bonds, investment funds, derivatives and other financial instruments. The group also provides related services such as securities custody, savings and investment plans, market information and portfolio-management tools, subject to the regulatory requirements of the countries in which it operates.

flatexDEGIRO was formed through the combination of German online broker flatex, established in 2006, and Dutch brokerage firm DEGIRO, founded in 2008.

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