Short Interest in Qantas Airways Limited (OTCMKTS:QABSY) Declines By 53.8%

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,600 shares, a decline of 53.8% from the March 15th total of 7,800 shares. Based on an average daily trading volume, of 14,800 shares, the days-to-cover ratio is presently 0.2 days.

Qantas Airways Stock Performance

Qantas Airways stock traded down $0.08 during midday trading on Wednesday, reaching $27.09. 17,703 shares of the stock traded hands, compared to its average volume of 11,437. The company has a 50-day simple moving average of $28.65 and a two-hundred day simple moving average of $28.09. Qantas Airways has a 12-month low of $17.45 and a 12-month high of $32.92.

Qantas Airways Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 28th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.3097 per share. The ex-dividend date of this dividend is Wednesday, March 12th.

Qantas Airways Company Profile

Qantas Airways Limited provides air transportation services in Australia and internationally. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments. It offers passenger flying, and air cargo and express freight services; and customer loyalty recognition programs.