Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Update

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 13,764 shares, a drop of 72.6% from the June 30th total of 50,288 shares. Based on an average daily trading volume, of 29,641 shares, the short-interest ratio is currently 0.5 days.

Qantas Airways Trading Up 0.1%

Shares of QABSY stock traded up $0.02 on Friday, hitting $35.19. 19,833 shares of the stock traded hands, compared to its average volume of 49,225. The firm’s 50-day moving average price is $34.48 and its two-hundred day moving average price is $33.58. Qantas Airways has a twelve month low of $28.15 and a twelve month high of $41.65.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Qantas Airways currently has an average rating of “Sell”.

About Qantas Airways

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.