Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Update

Flight Centre Ltd. (OTCMKTS:FGETF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 291,787 shares, a growth of 66.2% from the August 31st total of 175,593 shares. Based on an average daily volume of 204 shares, the days-to-cover ratio is currently 1,430.3 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Flight Centre to a “neutral” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Flight Centre currently has a consensus rating of “Buy”.

Flight Centre Stock Performance

Shares of FGETF stock remained flat at $8.29 during mid-day trading on Wednesday. Flight Centre has a twelve month low of $6.73 and a twelve month high of $10.12. The business has a 50-day moving average price of $8.88 and a 200 day moving average price of $8.03.

About Flight Centre

Flight Centre Travel Group Limited is an Australian travel services company that provides leisure and corporate travel solutions to consumers, businesses and organizations. Its services include airfares, accommodation, vacation packages, cruises, tours, travel insurance, car rental and other travel-related products.

The company operates through a portfolio of brands, including Flight Centre for leisure travel, FCM for corporate travel management, Corporate Traveler for small and medium-sized businesses, and specialist brands serving students, events and other travel segments.