Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Update

Flight Centre Ltd. (OTCMKTS:FGETF) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 291,787 shares, a growth of 66.2% from the August 31st total of 175,593 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 204 shares, the short-interest ratio is currently 1,430.3 days.

Flight Centre Stock Performance

FGETF remained flat at $8.29 on Wednesday. Flight Centre has a 1 year low of $6.73 and a 1 year high of $10.12. The business’s 50 day moving average price is $8.88 and its 200 day moving average price is $8.03.

Analyst Ratings Changes

Separately, Citigroup lowered Flight Centre to a “neutral” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Flight Centre

Flight Centre Travel Group Limited is an Australian travel services company that provides leisure and corporate travel solutions to consumers, businesses and organizations. Its services include airfares, accommodation, vacation packages, cruises, tours, travel insurance, car rental and other travel-related products.

The company operates through a portfolio of brands, including Flight Centre for leisure travel, FCM for corporate travel management, Corporate Traveler for small and medium-sized businesses, and specialist brands serving students, events and other travel segments.