Qantas Airways Limited (OTCMKTS:QABSY) Shares Shorted: Short Interest Up 267.8% in October

Qantas Airways Limited (OTCMKTS:QABSY) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 46,658 shares, a growth of 267.8% from the October 15th total of 12,685 shares. Based on an average daily volume of 162,759 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Qantas Airways Trading Down 1.6%

Shares of QABSY stock traded down $0.53 during trading hours on Friday, hitting $32.87. 18,284 shares of the company’s stock were exchanged, compared to its average volume of 48,597. Qantas Airways has a fifty-two week low of $27.82 and a fifty-two week high of $39.21. The firm has a 50 day moving average of $31.25 and a two-hundred day moving average of $33.08.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Qantas Airways

Qantas Airways Limited is Australia’s national airline and one of the country’s largest aviation groups. Founded in 1920, the company operates scheduled passenger services under the Qantas brand, connecting Australian cities with destinations across New Zealand, Asia, Europe, North America and the Pacific. Its domestic and international operations serve business and leisure travelers through a network of regular flights. The Qantas Group also operates Jetstar, a low-cost airline serving Australia and selected international markets.