Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Up 46.6% in January

Flight Centre Ltd. (OTCMKTS:FGETF) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 605,106 shares, a growth of 46.6% from the January 15th total of 412,844 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Flight Centre to a “strong-buy” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Flight Centre Price Performance

OTCMKTS FGETF remained flat at $10.11 on Monday. Flight Centre has a 1-year low of $8.07 and a 1-year high of $10.12. The company has a fifty day moving average of $9.79 and a 200-day moving average of $8.69.

Flight Centre Company Profile

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.