flatexDEGIRO AG (OTCMKTS:FNNTF) Short Interest Up 211.1% in June

flatexDEGIRO AG (OTCMKTS:FNNTF) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 19,948 shares, a growth of 211.1% from the June 15th total of 6,412 shares. Based on an average daily trading volume, of 20 shares, the short-interest ratio is currently 997.4 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a research note on Monday, July 6th. Barclays began coverage on flatexDEGIRO in a research report on Friday, June 12th. They set an “overweight” rating on the stock. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

flatexDEGIRO Price Performance

FNNTF stock remained flat at $41.95 during mid-day trading on Tuesday. flatexDEGIRO has a one year low of $33.70 and a one year high of $46.96. The business’s fifty day moving average is $38.46 and its 200 day moving average is $39.59.

About flatexDEGIRO

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.