Fraport AG (OTCMKTS:FPRUY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, a decline of 73.7% from the August 15th total of 1,900 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 1.3 days.
A number of analysts have commented on FPRUY shares. Berenberg Bank cut Fraport from a “buy” rating to a “hold” rating in a research report on Wednesday, June 30th. UBS Group reaffirmed a “neutral” rating on shares of Fraport in a research report on Wednesday, June 9th. Finally, Barclays reaffirmed an “underweight” rating on shares of Fraport in a research report on Wednesday, August 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Shares of Fraport stock traded down $0.37 on Thursday, hitting $31.00. The company’s stock had a trading volume of 100 shares, compared to its average volume of 689. Fraport has a 1 year low of $17.88 and a 1 year high of $39.03. The firm has a fifty day moving average price of $32.35 and a 200-day moving average price of $33.28.
Fraport AG Frankfurt Airport Services Worldwide engages in the international airport business. It involves in the operation and management of Frankfurt Airport. It operates through the following business segments: Aviation, Retail and Real Estate, Ground Handling, and International Activities and Services.
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