flatexDEGIRO AG (OTCMKTS:FNNTF) Sees Significant Growth in Short Interest

flatexDEGIRO AG (OTCMKTS:FNNTF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 96,219 shares, a growth of 382.3% from the June 30th total of 19,948 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

flatexDEGIRO Price Performance

Shares of OTCMKTS FNNTF opened at $43.25 on Friday. The business’s 50 day moving average is $39.27 and its two-hundred day moving average is $40.16. flatexDEGIRO has a 12 month low of $33.70 and a 12 month high of $46.96.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of flatexDEGIRO in a report on Wednesday. Citigroup reiterated a “buy” rating on shares of flatexDEGIRO in a report on Monday, July 6th. Finally, Barclays started coverage on shares of flatexDEGIRO in a research report on Friday, June 12th. They set an “overweight” rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.