Fraport AG (OTCMKTS:FPRUY) Sees Large Decline in Short Interest

Fraport AG (OTCMKTS:FPRUY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 29 shares, a decrease of 14.7% from the December 31st total of 34 shares. Based on an average daily trading volume, of 21 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 21 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FPRUY. Morgan Stanley downgraded Fraport from an “overweight” rating to a “mixed” rating in a research report on Monday, October 20th. Jefferies Financial Group raised shares of Fraport from an “underperform” rating to a “buy” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Fraport in a research report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Fraport Stock Performance

Shares of FPRUY opened at $40.90 on Wednesday. Fraport has a 1-year low of $28.75 and a 1-year high of $45.66. The company’s fifty day simple moving average is $40.78 and its 200 day simple moving average is $42.30.

Fraport Company Profile

Fraport AG is a global airport management company headquartered in Frankfurt, Germany. The company’s primary business revolves around the operation and development of Frankfurt Airport, one of Europe’s leading aviation hubs, as well as a portfolio of regional and international airports. In addition to airport infrastructure, Fraport offers ground handling services, security screening, retail management and real estate development within its terminals. These diverse operations aim to enhance passenger experience and maximize airport efficiency through integrated service offerings.

Beyond its flagship airport in Frankfurt, Fraport has expanded its footprint to airports in more than 30 countries across Europe, the Americas, Asia and Africa.