Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Up 81.3% in May

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 78,196 shares, an increase of 81.3% from the May 14th total of 43,119 shares. Based on an average daily trading volume, of 93,190 shares, the short-interest ratio is currently 0.8 days.

Qantas Airways Stock Performance

Qantas Airways stock opened at $35.28 on Wednesday. Qantas Airways has a 12 month low of $28.15 and a 12 month high of $41.65. The stock’s 50 day simple moving average is $31.83 and its two-hundred day simple moving average is $33.07.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Qantas Airways to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Qantas Airways has an average rating of “Hold”.

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.