Flight Centre Ltd. (OTCMKTS:FGETF – Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 155,580 shares, a decrease of 48.5% from the July 30th total of 302,102 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Flight Centre Stock Performance
Shares of FGETF stock remained flat at $9.56 during trading hours on Monday. The stock’s 50-day moving average is $8.86 and its 200 day moving average is $8.19. Flight Centre has a 52 week low of $6.73 and a 52 week high of $10.12.
Analysts Set New Price Targets
Separately, Citigroup downgraded shares of Flight Centre to a “neutral” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.
About Flight Centre
Flight Centre Travel Group (OTCMKTS: FGETF) is a global travel agency headquartered in Brisbane, Australia. The company operates across both leisure and corporate segments, offering travel booking services, tailored itineraries and travel management solutions. Through an integrated network of retail stores, online platforms and dedicated corporate divisions, Flight Centre provides airfares, hotel accommodations, package tours and ancillary travel products to individual and business clients.
Founded in 1982 by Graham Turner and Geoff Harris, the company has expanded from a single storefront in Sydney into a multinational enterprise.
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