flatexDEGIRO AG (OTCMKTS:FNNTF) Short Interest Down 24.1% in February

flatexDEGIRO AG (OTCMKTS:FNNTF) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 43,880 shares, a decline of 24.1% from the February 12th total of 57,848 shares. Based on an average daily trading volume, of 2,078 shares, the days-to-cover ratio is presently 21.1 days. Based on an average daily trading volume, of 2,078 shares, the days-to-cover ratio is presently 21.1 days.

flatexDEGIRO Price Performance

OTCMKTS FNNTF opened at $43.00 on Friday. flatexDEGIRO has a 52 week low of $39.33 and a 52 week high of $43.27. The stock’s 50-day moving average price is $42.95 and its 200-day moving average price is $36.05.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNNTF. Citigroup reaffirmed a “buy” rating on shares of flatexDEGIRO in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of flatexDEGIRO in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.