Aurizon Holdings Limited (OTCMKTS:QRNNF) Short Interest Update

Aurizon Holdings Limited (OTCMKTS:QRNNF) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 328,474 shares, a decline of 19.6% from the March 15th total of 408,662 shares. Based on an average daily volume of 31 shares, the days-to-cover ratio is currently 10,595.9 days.

Aurizon Stock Performance

QRNNF stock opened at $2.76 on Thursday. Aurizon has a 12-month low of $2.76 and a 12-month high of $2.99. The company’s fifty day simple moving average is $2.70 and its 200 day simple moving average is $2.45.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Aurizon to a “neutral” rating and set a $3.80 price objective on the stock. in a research note on Monday, February 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.80.

Aurizon Company Profile

Aurizon Group Ltd, trading as OTCMKTS:QRNNF, is Australia’s leading rail freight operator, specialising in bulk commodity and intermodal logistics. Formed in 2010 through the privatisation of Queensland Rail’s freight business, the company commands an extensive network spanning the Central Queensland coal system and key corridors along the country’s east coast. Aurizon’s core services encompass coal haulage, iron ore and other bulk mineral transport, as well as agricultural and livestock logistics.

In addition to bulk freight, Aurizon offers intermodal solutions that connect major ports and urban centres, supporting the movement of containers and consumer goods.