Flow Traders (OTCMKTS:FLTDF) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 76,700 shares, an increase of 30.2% from the March 31st total of 58,900 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 95.9 days.
Several research firms have weighed in on FLTDF. Jefferies Financial Group began coverage on Flow Traders in a research report on Friday, January 29th. They set a “buy” rating on the stock. UBS Group reissued a “sell” rating on shares of Flow Traders in a research report on Wednesday, April 7th. BNP Paribas cut Flow Traders from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 21st. Finally, Exane BNP Paribas cut Flow Traders from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 21st.
Shares of FLTDF opened at $41.40 on Wednesday. The stock has a 50 day moving average of $43.34. Flow Traders has a 52 week low of $30.35 and a 52 week high of $45.91.
Flow Traders N.V. operates as a financial technology-enabled liquidity provider in financial products in Europe, the Americas, and Asia. The company uses its proprietary technology platform to quote bid and ask prices in thousands of exchange traded products (ETP), as well as related financial products.
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