Qantas Airways Limited (OTCMKTS:QABSY) Stock Short Interest Report for October

Qantas Airways Limited (OTCMKTS:QABSY) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 46,658 shares, an increase of 267.8% from the October 15th total of 12,685 shares. Based on an average daily trading volume, of 162,759 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Qantas Airways Stock Performance

Shares of OTCMKTS QABSY traded down $0.43 during midday trading on Thursday, reaching $33.56. 8,525 shares of the company were exchanged, compared to its average volume of 48,620. Qantas Airways has a 1 year low of $27.82 and a 1 year high of $39.21. The stock has a fifty day simple moving average of $31.25 and a 200 day simple moving average of $33.09.

About Qantas Airways

Qantas Airways Limited is Australia’s national airline and one of the country’s largest aviation groups. Founded in 1920, the company operates scheduled passenger services under the Qantas brand, connecting Australian cities with destinations across New Zealand, Asia, Europe, North America and the Pacific. Its domestic and international operations serve business and leisure travelers through a network of regular flights. The Qantas Group also operates Jetstar, a low-cost airline serving Australia and selected international markets.