Qantas Airways Limited (OTCMKTS:QABSY) Short Interest Update

Qantas Airways Limited (OTCMKTS:QABSY) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 26,020 shares, an increase of 137.0% from the April 15th total of 10,978 shares. Based on an average daily volume of 120,649 shares, the days-to-cover ratio is currently 0.2 days.

Qantas Airways Trading Down 2.4%

OTCMKTS QABSY traded down $0.75 during trading on Friday, reaching $30.42. The company’s stock had a trading volume of 47,987 shares, compared to its average volume of 54,562. Qantas Airways has a twelve month low of $28.15 and a twelve month high of $41.65. The business’s fifty day moving average price is $30.78 and its 200-day moving average price is $33.05.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.