Fraport AG (OTCMKTS:FPRUY) Sees Significant Decrease in Short Interest

Fraport AG (OTCMKTS:FPRUY) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 3 shares, a decrease of 84.2% from the February 26th total of 19 shares. Based on an average trading volume of 83 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 83 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on FPRUY. Jefferies Financial Group raised shares of Fraport from an “underperform” rating to a “buy” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Fraport in a report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Fraport presently has a consensus rating of “Moderate Buy”.

Fraport Price Performance

OTCMKTS FPRUY remained flat at $43.74 on Tuesday. The company’s stock had a trading volume of 170 shares, compared to its average volume of 142. The stock’s 50 day simple moving average is $41.37 and its two-hundred day simple moving average is $42.19. Fraport has a 1-year low of $30.15 and a 1-year high of $45.66.

About Fraport

Fraport AG is a global airport management company headquartered in Frankfurt, Germany. The company’s primary business revolves around the operation and development of Frankfurt Airport, one of Europe’s leading aviation hubs, as well as a portfolio of regional and international airports. In addition to airport infrastructure, Fraport offers ground handling services, security screening, retail management and real estate development within its terminals. These diverse operations aim to enhance passenger experience and maximize airport efficiency through integrated service offerings.

Beyond its flagship airport in Frankfurt, Fraport has expanded its footprint to airports in more than 30 countries across Europe, the Americas, Asia and Africa.