Short Interest in Qantas Airways Limited (OTCMKTS:QABSY) Expands By 137.0%

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 26,020 shares, an increase of 137.0% from the April 15th total of 10,978 shares. Based on an average daily volume of 120,649 shares, the days-to-cover ratio is currently 0.2 days.

Qantas Airways Stock Down 2.4%

Qantas Airways stock traded down $0.75 during trading hours on Friday, reaching $30.42. 47,987 shares of the stock were exchanged, compared to its average volume of 54,562. Qantas Airways has a 52-week low of $28.15 and a 52-week high of $41.65. The firm’s 50 day moving average is $30.78 and its 200 day moving average is $33.05.

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.