Qantas Airways Limited (OTCMKTS:QUBSF – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 213,666 shares, a drop of 56.5% from the July 15th total of 490,955 shares. Based on an average daily volume of 16,264 shares, the days-to-cover ratio is presently 13.1 days.
Qantas Airways Stock Performance
Shares of OTCMKTS QUBSF opened at $7.00 on Friday. Qantas Airways has a 12-month low of $5.50 and a 12-month high of $7.80. The stock has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $6.55.
About Qantas Airways
Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. Headquartered in Sydney, the company provides scheduled air passenger and freight services across domestic and international markets. Its core business includes mainline passenger operations under the Qantas brand, complemented by regional connectivity through its QantasLink subsidiary.
Qantas operates a mixed fleet of Airbus and Boeing aircraft, serving major domestic routes between Australian cities as well as long-haul flights to Asia, the Americas, Europe and Africa.
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