Qantas Airways Limited (OTCMKTS:QUBSF) Sees Significant Decrease in Short Interest

Qantas Airways Limited (OTCMKTS:QUBSFGet Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 213,666 shares, a decline of 56.5% from the July 15th total of 490,955 shares. Based on an average daily volume of 16,264 shares, the short-interest ratio is presently 13.1 days.

Qantas Airways Stock Performance

Shares of OTCMKTS:QUBSF remained flat at $7.00 during trading on Monday. The company’s 50-day moving average price is $6.67 and its 200-day moving average price is $6.55. Qantas Airways has a one year low of $5.50 and a one year high of $7.80.

About Qantas Airways

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Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. Headquartered in Sydney, the company provides scheduled air passenger and freight services across domestic and international markets. Its core business includes mainline passenger operations under the Qantas brand, complemented by regional connectivity through its QantasLink subsidiary.

Qantas operates a mixed fleet of Airbus and Boeing aircraft, serving major domestic routes between Australian cities as well as long-haul flights to Asia, the Americas, Europe and Africa.

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