Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Decreases By 38.0%

Flight Centre Ltd. (OTCMKTS:FGETF) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 371,052 shares, a drop of 38.0% from the June 30th total of 598,704 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ? days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Flight Centre to a “neutral” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Flight Centre Price Performance

FGETF stock remained flat at $8.28 during mid-day trading on Friday. The stock has a fifty day moving average of $7.94 and a 200-day moving average of $8.30. Flight Centre has a 52-week low of $6.73 and a 52-week high of $10.12.

Flight Centre Company Profile

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.