Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Update

Qantas Airways Limited (OTCMKTS:QABSY) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 13,764 shares, a decline of 72.6% from the June 30th total of 50,288 shares. Based on an average trading volume of 29,641 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Qantas Airways Price Performance

Shares of Qantas Airways stock traded up $0.02 during mid-day trading on Friday, reaching $35.19. 19,833 shares of the stock traded hands, compared to its average volume of 49,225. The business has a 50-day moving average of $34.48 and a 200 day moving average of $33.58. Qantas Airways has a fifty-two week low of $28.15 and a fifty-two week high of $41.65.

Qantas Airways Company Profile

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.