flatexDEGIRO AG (OTCMKTS:FNNTF) Shares Shorted: Short Interest Down 91.6% in September

flatexDEGIRO AG (OTCMKTS:FNNTF – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,731 shares, a decrease of 91.6% from the September 15th total of 80,307 shares. Based on an average daily trading volume, of 1,671 shares, the days-to-cover ratio is currently 4.0 days.

Wall Street Analysts Forecast Growth

FNNTF has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of flatexDEGIRO in a research note on Tuesday. Barclays assumed coverage on shares of flatexDEGIRO in a research note on Friday, June 12th. They issued an “overweight” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of flatexDEGIRO in a research note on Wednesday, July 22nd. Finally, Morgan Stanley raised shares of flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 3rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on flatexDEGIRO

flatexDEGIRO Price Performance

OTCMKTS:FNNTF remained flat at $33.90 during trading hours on Friday. flatexDEGIRO has a 1-year low of $32.57 and a 1-year high of $46.96. The stock’s fifty day simple moving average is $39.56 and its 200 day simple moving average is $38.99.

flatexDEGIRO Company Profile

(Get Free Report)

flatexDEGIRO AG is a European online brokerage group that provides retail investors with digital access to securities markets. The company operates through the flatex and DEGIRO brands, offering brokerage services through online platforms and mobile applications.

Its services include trading and investing in shares, exchange-traded funds, bonds, investment funds, derivatives and other financial instruments. The group also provides related services such as securities custody, savings and investment plans, market information and portfolio-management tools, subject to the regulatory requirements of the countries in which it operates.

flatexDEGIRO was formed through the combination of German online broker flatex, established in 2006, and Dutch brokerage firm DEGIRO, founded in 2008.

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