Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Up 81.3% in May

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 78,196 shares, a growth of 81.3% from the May 14th total of 43,119 shares. Based on an average trading volume of 93,190 shares, the short-interest ratio is presently 0.8 days.

Qantas Airways Price Performance

Shares of QABSY stock traded up $2.12 on Tuesday, hitting $35.21. 50,745 shares of the company’s stock were exchanged, compared to its average volume of 54,024. The company has a 50 day moving average of $31.72 and a 200 day moving average of $33.04. Qantas Airways has a 12 month low of $28.15 and a 12 month high of $41.65.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Qantas Airways to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.