Fraport AG (OTCMKTS:FPRUY) Sees Significant Decrease in Short Interest

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 Company Profile

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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