Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Decreases By 52.1%

Flight Centre Ltd. (OTCMKTS:FGETF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 250,000 shares, a decrease of 52.1% from the August 15th total of 522,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 2,500.0 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 2,500.0 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of Flight Centre to an “outperform” rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Flight Centre Trading Up 0.4%

Shares of OTCMKTS:FGETF opened at $8.10 on Friday. Flight Centre has a twelve month low of $8.07 and a twelve month high of $8.10. The company’s 50 day moving average is $8.10 and its 200 day moving average is $8.35.

About Flight Centre

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries, as well as supplies products to its national and international network, or travel retail outlets.