Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Grows By 43.7%

Flight Centre Ltd. (OTCMKTS:FGETF) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 869,602 shares, an increase of 43.7% from the January 29th total of 605,106 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Flight Centre to a “strong-buy” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Flight Centre Price Performance

Shares of OTCMKTS:FGETF remained flat at $10.11 on Friday. Flight Centre has a fifty-two week low of $8.07 and a fifty-two week high of $10.12. The business’s 50-day moving average price is $10.11 and its 200 day moving average price is $8.83.

Flight Centre Company Profile

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.