Qantas Airways Limited (OTCMKTS:QABSY) Shares Shorted: Short Interest Down 45.7% in September

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 29,151 shares, a decline of 45.7% from the September 15th total of 53,667 shares. Based on an average daily trading volume, of 110,137 shares, the days-to-cover ratio is presently 0.3 days.

Qantas Airways Trading Up 3.4%

Shares of QABSY traded up $0.96 during trading hours on Friday, hitting $29.03. 1,403 shares of the stock were exchanged, compared to its average volume of 47,163. Qantas Airways has a fifty-two week low of $27.82 and a fifty-two week high of $39.21. The business has a 50-day moving average of $32.64 and a 200-day moving average of $33.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Qantas Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Qantas Airways

Qantas Airways Limited is an Australian aviation company and the country’s national flag carrier. Founded in 1920, the company operates passenger and freight services under the Qantas brand and provides air transportation to domestic and international destinations.

Qantas serves major cities and regional communities across Australia, along with destinations in the Asia-Pacific region, North America, Europe and other international markets. Its operations include scheduled flights, cargo transportation and related travel services.

The company also operates Jetstar, a low-cost airline serving Australia, New Zealand and selected international markets.