flatexDEGIRO AG (OTCMKTS:FNNTF) Short Interest Down 95.2% in April

flatexDEGIRO AG (OTCMKTS:FNNTF) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 12,375 shares, a decline of 95.2% from the April 15th total of 257,502 shares. Based on an average trading volume of 66 shares, the short-interest ratio is presently 187.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FNNTF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of flatexDEGIRO in a research note on Thursday, January 29th. Citigroup reaffirmed a “buy” rating on shares of flatexDEGIRO in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

flatexDEGIRO Price Performance

FNNTF remained flat at $38.90 on Monday. flatexDEGIRO has a 52-week low of $33.70 and a 52-week high of $46.96. The company’s fifty day simple moving average is $39.13 and its 200 day simple moving average is $37.70.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.