Qantas Airways Limited (OTCMKTS:QABSY) Sees Significant Increase in Short Interest

Qantas Airways Limited (OTCMKTS:QABSY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 78,196 shares, a growth of 81.3% from the May 14th total of 43,119 shares. Based on an average daily volume of 93,190 shares, the short-interest ratio is presently 0.8 days.

Qantas Airways Stock Up 5.1%

OTCMKTS:QABSY traded up $1.69 during trading hours on Monday, reaching $34.78. 12,435 shares of the stock were exchanged, compared to its average volume of 53,823. The business has a 50-day moving average of $31.62 and a two-hundred day moving average of $33.02. Qantas Airways has a twelve month low of $28.15 and a twelve month high of $41.65.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Qantas Airways to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Qantas Airways Company Profile

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.