Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Up 113.0% in December

Flight Centre Ltd. (OTCMKTS:FGETF) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 326,550 shares, an increase of 113.0% from the December 15th total of 153,291 shares. Based on an average trading volume of 97 shares, the days-to-cover ratio is presently 3,366.5 days. Based on an average trading volume of 97 shares, the days-to-cover ratio is presently 3,366.5 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Flight Centre to a “strong-buy” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Flight Centre has an average rating of “Strong Buy”.

Flight Centre Price Performance

Shares of FGETF stock remained flat at $10.11 during trading hours on Wednesday. The stock has a 50-day moving average price of $8.86 and a two-hundred day moving average price of $8.37. Flight Centre has a fifty-two week low of $8.07 and a fifty-two week high of $10.12.

About Flight Centre

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.