Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Update

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 13,764 shares, a drop of 72.6% from the June 30th total of 50,288 shares. Based on an average trading volume of 29,641 shares, the days-to-cover ratio is currently 0.5 days.

Qantas Airways Stock Up 2.4%

QABSY traded up $0.84 during trading on Monday, reaching $36.03. The stock had a trading volume of 10,497 shares, compared to its average volume of 48,931. The business has a 50-day moving average of $34.48 and a 200-day moving average of $33.57. Qantas Airways has a one year low of $28.15 and a one year high of $41.65.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.