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

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Flight Centre to a “strong-buy” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Flight Centre presently has a consensus rating of “Strong Buy”.

Flight Centre Price Performance

Shares of OTCMKTS:FGETF remained flat at $10.11 during midday trading on Thursday. The business has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $8.38. Flight Centre has a 1 year low of $8.07 and a 1 year 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.