Short Interest in flatexDEGIRO AG (OTCMKTS:FNNTF) Drops By 33.8%

flatexDEGIRO AG (OTCMKTS:FNNTF) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 29,029 shares, a decrease of 33.8% from the February 26th total of 43,880 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

flatexDEGIRO Price Performance

flatexDEGIRO stock traded down $9.30 during midday trading on Friday, hitting $33.70. The company’s stock had a trading volume of 100 shares, compared to its average volume of 116,400. flatexDEGIRO has a 1-year low of $33.70 and a 1-year high of $43.27. The company has a 50-day moving average price of $42.71 and a two-hundred day moving average price of $36.76.

Analysts Set New Price Targets

FNNTF has been the subject of several research reports. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of flatexDEGIRO in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, flatexDEGIRO presently has a consensus rating of “Buy”.

About flatexDEGIRO

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.