flatexDEGIRO AG (OTCMKTS:FNNTF) Short Interest Down 95.2% in April

flatexDEGIRO AG (OTCMKTS:FNNTF) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 12,375 shares, a decline of 95.2% from the April 15th total of 257,502 shares. Based on an average daily volume of 66 shares, the short-interest ratio is presently 187.5 days.

flatexDEGIRO Price Performance

FNNTF stock remained flat at $38.90 during mid-day trading on Tuesday. The firm has a fifty day moving average price of $39.13 and a 200-day moving average price of $37.70. flatexDEGIRO has a 12-month low of $33.70 and a 12-month high of $46.96.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of flatexDEGIRO in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.