Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Update

Flight Centre Ltd. (OTCMKTS:FGETF) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 371,052 shares, a decrease of 38.0% from the June 30th total of 598,704 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Flight Centre to a “neutral” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Flight Centre Price Performance

Shares of OTCMKTS FGETF opened at $8.28 on Thursday. Flight Centre has a 12-month low of $6.73 and a 12-month high of $10.12. The firm’s 50-day moving average is $7.89 and its two-hundred day moving average is $8.32.

About Flight Centre

Flight Centre Travel Group (OTCMKTS: FGETF) is a global travel agency headquartered in Brisbane, Australia. The company operates across both leisure and corporate segments, offering travel booking services, tailored itineraries and travel management solutions. Through an integrated network of retail stores, online platforms and dedicated corporate divisions, Flight Centre provides airfares, hotel accommodations, package tours and ancillary travel products to individual and business clients.

Founded in 1982 by Graham Turner and Geoff Harris, the company has expanded from a single storefront in Sydney into a multinational enterprise.