Short Interest in Qantas Airways Limited (OTCMKTS:QUBSF) Increases By 62.8%

Qantas Airways Limited (OTCMKTS:QUBSF) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 347,923 shares, an increase of 62.8% from the July 30th total of 213,666 shares. Based on an average daily trading volume, of 5,798 shares, the days-to-cover ratio is currently 60.0 days.

Qantas Airways Price Performance

Shares of OTCMKTS:QUBSF remained flat at $6.88 on Monday. The company’s stock had a trading volume of 700 shares, compared to its average volume of 17,505. The firm’s 50-day moving average price is $6.79 and its 200-day moving average price is $6.55. 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.