Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Down 48.5% in August

Flight Centre Ltd. (OTCMKTS:FGETF) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 155,580 shares, a decline of 48.5% from the July 30th total of 302,102 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Approximately 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Flight Centre to a “neutral” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Flight Centre Stock Performance

FGETF stock remained flat at $9.56 during mid-day trading on Friday. The company’s fifty day moving average price is $8.86 and its two-hundred day moving average price is $8.20. Flight Centre has a 12 month low of $6.73 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.