Qantas Airways Limited (OTCMKTS:QABSY) Shares Shorted: Short Interest Up 91.5% in September

Qantas Airways Limited (OTCMKTS:QABSY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 53,667 shares, a growth of 91.5% from the August 31st total of 28,018 shares. Based on an average trading volume of 66,163 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Qantas Airways from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Qantas Airways Price Performance

Qantas Airways stock opened at $31.60 on Tuesday. The firm has a 50 day simple moving average of $34.13 and a 200-day simple moving average of $33.12. Qantas Airways has a 1-year low of $28.15 and a 1-year high of $39.21.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s national airline and the parent company of the Qantas Group. Founded in 1920, the company operates passenger air transportation, air cargo and related travel businesses under the Qantas and Jetstar brands.

Qantas provides domestic and international scheduled flights, while Jetstar offers value-focused air travel in Australia and selected markets across the Asia-Pacific region. The group also operates freight services, holiday and travel businesses, and the Qantas Frequent Flyer loyalty program.

The Qantas Group serves destinations throughout Australia and connects the country with markets across New Zealand, Asia, Europe, North America and the South Pacific.