Qantas Airways Limited (OTCMKTS:QABSY) Sees Significant Increase in Short Interest

Qantas Airways Limited (OTCMKTS:QABSY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 78,196 shares, an increase of 81.3% from the May 14th total of 43,119 shares. Based on an average daily trading volume, of 93,190 shares, the short-interest ratio is currently 0.8 days.

Qantas Airways Price Performance

Shares of QABSY stock traded up $1.69 during trading hours on Monday, reaching $34.78. The company had a trading volume of 12,435 shares, compared to its average volume of 53,823. The stock has a fifty day moving average of $31.62 and a 200-day moving average of $33.02. Qantas Airways has a 12-month low of $28.15 and a 12-month high of $41.65.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Qantas Airways to a “hold” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Qantas Airways currently has a consensus rating of “Hold”.

About Qantas Airways

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.