Aurizon Holdings Limited (OTCMKTS:QRNNF) Short Interest Up 19.7% in March

Aurizon Holdings Limited (OTCMKTS:QRNNF) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 408,662 shares, a growth of 19.7% from the February 26th total of 341,277 shares. Based on an average daily trading volume, of 1 shares, the days-to-cover ratio is presently 408,662.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Aurizon to a “neutral” rating and set a $3.80 target price for the company. in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.80.

Aurizon Price Performance

Shares of QRNNF opened at $2.76 on Tuesday. Aurizon has a twelve month low of $2.76 and a twelve month high of $2.99. The firm has a fifty day simple moving average of $2.63 and a two-hundred day simple moving average of $2.39.

Aurizon Company Profile

Aurizon Group Ltd, trading as OTCMKTS:QRNNF, is Australia’s leading rail freight operator, specialising in bulk commodity and intermodal logistics. Formed in 2010 through the privatisation of Queensland Rail’s freight business, the company commands an extensive network spanning the Central Queensland coal system and key corridors along the country’s east coast. Aurizon’s core services encompass coal haulage, iron ore and other bulk mineral transport, as well as agricultural and livestock logistics.

In addition to bulk freight, Aurizon offers intermodal solutions that connect major ports and urban centres, supporting the movement of containers and consumer goods.