Flight Centre Ltd. (OTCMKTS:FGETF) Sees Significant Drop in Short Interest

Flight Centre Ltd. (OTCMKTS:FGETF) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 153,291 shares, a decrease of 20.9% from the November 30th total of 193,792 shares. Based on an average trading volume of 5 shares, the short-interest ratio is currently 30,658.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5 shares, the short-interest ratio is currently 30,658.2 days.

Flight Centre Price Performance

Flight Centre stock opened at $10.11 on Tuesday. Flight Centre has a one year low of $8.07 and a one year high of $10.12. The stock’s 50 day moving average price is $8.42 and its 200 day moving average price is $8.21.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised 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 given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

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.