Qantas Airways Limited (OTCMKTS:QABSY) Shares Shorted: Short Interest Up 91.5% in September

Qantas Airways Limited (OTCMKTS:QABSY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 53,667 shares, a growth of 91.5% from the August 31st total of 28,018 shares. Based on an average trading volume of 66,163 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Qantas Airways from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Qantas Airways Price Performance

Shares of QABSY traded down $0.36 during mid-day trading on Wednesday, hitting $31.61. The company had a trading volume of 9,895 shares, compared to its average volume of 45,506. The business’s 50-day simple moving average is $34.06 and its 200-day simple moving average is $33.12. Qantas Airways has a 1-year low of $28.15 and a 1-year high of $39.21.

About Qantas Airways

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.