Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 12,685 shares, a decline of 56.5% from the September 30th total of 29,151 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 115,993 shares, the short-interest ratio is currently 0.1 days.
Qantas Airways Stock Performance
QABSY stock opened at $30.64 on Friday. The firm’s 50-day moving average is $31.45 and its two-hundred day moving average is $33.21. Qantas Airways has a 52 week low of $27.82 and a 52 week high of $39.21.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Research Report on QABSY
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.
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