Short Interest in flatexDEGIRO AG (OTCMKTS:FNNTF) Expands By 211.1%

flatexDEGIRO AG (OTCMKTS:FNNTF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 19,948 shares, an increase of 211.1% from the June 15th total of 6,412 shares. Based on an average trading volume of 20 shares, the days-to-cover ratio is currently 997.4 days.

flatexDEGIRO Price Performance

Shares of FNNTF remained flat at $41.95 during mid-day trading on Monday. flatexDEGIRO has a 12 month low of $33.70 and a 12 month high of $46.96. The company has a 50-day moving average price of $38.37 and a 200-day moving average price of $39.52.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays began coverage on shares of flatexDEGIRO in a report on Friday, June 12th. They issued an “overweight” rating on the stock. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.