Flight Centre Ltd. (OTCMKTS:FGETF) Stock Short Interest Rises 66.2%

Flight Centre Ltd. (OTCMKTS:FGETF) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 291,787 shares, an increase of 66.2% from the August 31st total of 175,593 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 204 shares, the days-to-cover ratio is currently 1,430.3 days.

Analysts Set New Price Targets

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

Flight Centre Price Performance

FGETF stock remained flat at $6.76 during midday trading on Thursday. The company’s stock had a trading volume of 946 shares, compared to its average volume of 51. Flight Centre has a twelve month low of $6.73 and a twelve month high of $10.12. The company’s 50-day moving average price is $8.84 and its two-hundred day moving average price is $8.01.

Flight Centre Company Profile

Flight Centre Travel Group Limited is an Australian travel services company that provides leisure and corporate travel solutions to consumers, businesses and organizations. Its services include airfares, accommodation, vacation packages, cruises, tours, travel insurance, car rental and other travel-related products.

The company operates through a portfolio of brands, including Flight Centre for leisure travel, FCM for corporate travel management, Corporate Traveler for small and medium-sized businesses, and specialist brands serving students, events and other travel segments.