Qantas Airways Limited (OTCMKTS:QUBSF) Sees Large Decrease in Short Interest

Qantas Airways Limited (OTCMKTS:QUBSF) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 365,043 shares, a decline of 58.8% from the April 30th total of 885,454 shares. Based on an average daily volume of 45,658 shares, the short-interest ratio is presently 8.0 days.

Qantas Airways Trading Up 0.6%

Shares of Qantas Airways stock traded up $0.04 on Tuesday, hitting $6.43. 2,910 shares of the company were exchanged, compared to its average volume of 15,654. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $6.49. Qantas Airways has a 1-year low of $5.50 and a 1-year high of $7.80.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. Headquartered in Sydney, the company provides scheduled air passenger and freight services across domestic and international markets. Its core business includes mainline passenger operations under the Qantas brand, complemented by regional connectivity through its QantasLink subsidiary.

Qantas operates a mixed fleet of Airbus and Boeing aircraft, serving major domestic routes between Australian cities as well as long-haul flights to Asia, the Americas, Europe and Africa.