Qantas Airways Limited (OTCMKTS:QUBSF) Sees Large Drop in Short Interest

Qantas Airways Limited (OTCMKTS:QUBSF) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 365,043 shares, a drop of 58.8% from the April 30th total of 885,454 shares. Based on an average trading volume of 45,658 shares, the short-interest ratio is presently 8.0 days.

Qantas Airways Price Performance

Shares of Qantas Airways stock remained flat at $6.39 during trading on Friday. 100 shares of the stock traded hands, compared to its average volume of 873. The stock’s 50-day simple moving average is $6.17 and its 200 day simple moving average is $6.49. Qantas Airways has a 1-year low of $5.50 and a 1-year high of $7.80.

Qantas Airways Company Profile

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.