Qantas Airways Limited (OTCMKTS:QABSY – Get Rating) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 100 shares, a decline of 98.1% from the March 15th total of 5,300 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 0.1 days.
Separately, The Goldman Sachs Group assumed coverage on Qantas Airways in a research report on Tuesday, February 1st. They issued a “buy” rating on the stock.
Qantas Airways stock traded down $0.47 during trading on Wednesday, reaching $18.48. The stock had a trading volume of 1,275 shares, compared to its average volume of 2,736. Qantas Airways has a 52-week low of $15.00 and a 52-week high of $21.97. The business has a 50 day moving average price of $18.73 and a 200 day moving average price of $18.98.
Qantas Airways Limited provides air transportation services in Australia and internationally. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments. It offers passenger flying, and air cargo and express freight services; and customer loyalty recognition programs.
- Get a free copy of the StockNews.com research report on Qantas Airways (QABSY)
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