Qantas Airways Limited (OTCMKTS:QABSY) Shares Shorted: Short Interest Down 45.7% in September

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 29,151 shares, a drop of 45.7% from the September 15th total of 53,667 shares. Based on an average daily trading volume, of 110,137 shares, the short-interest ratio is presently 0.3 days.

Qantas Airways Price Performance

OTCMKTS QABSY opened at $28.86 on Wednesday. Qantas Airways has a 12-month low of $28.15 and a 12-month high of $39.21. The firm has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $33.16.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s national airline and the parent company of the Qantas Group. Founded in 1920, the company operates passenger air transportation, air cargo and related travel businesses under the Qantas and Jetstar brands.

Qantas provides domestic and international scheduled flights, while Jetstar offers value-focused air travel in Australia and selected markets across the Asia-Pacific region. The group also operates freight services, holiday and travel businesses, and the Qantas Frequent Flyer loyalty program.

The Qantas Group serves destinations throughout Australia and connects the country with markets across New Zealand, Asia, Europe, North America and the South Pacific.