Sydney Airport Limited (OTCMKTS:SYDDF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 326,100 shares, a drop of 38.9% from the September 15th total of 533,800 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 465.9 days.
OTCMKTS SYDDF traded down $0.17 on Friday, hitting $4.11. The company had a trading volume of 5,000 shares, compared to its average volume of 2,795. The company’s fifty day moving average price is $3.27 and its 200-day moving average price is $3.65. Sydney Airport has a 12-month low of $2.50 and a 12-month high of $6.19.
Separately, JPMorgan Chase & Co. cut shares of Sydney Airport from a “neutral” rating to an “underweight” rating in a research note on Monday, June 22nd.
About Sydney Airport
Sydney Airport Limited owns Sydney Airport. The company provides international and domestic passenger services. It also offers aeronautical services, including access to terminals, infrastructure, apron parking, airfield and terminal facilities, and government mandated security services for airlines; and parking and ground transport services, as well as leases commercial space to tenants whose activities comprise duty free, food and beverage, financial, and advertising services.
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