Flight Centre Ltd. (OTCMKTS:FGETF) Sees Significant Growth in Short Interest

Flight Centre Ltd. (OTCMKTS:FGETF) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 412,844 shares, a growth of 26.4% from the December 31st total of 326,550 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of 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 given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Flight Centre Price Performance

Shares of Flight Centre stock remained flat at $10.11 on Monday. The business’s 50-day moving average price is $9.38 and its two-hundred day moving average price is $8.55. Flight Centre has a 12 month low of $8.07 and a 12 month high of $10.12.

Flight Centre Company Profile

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.