Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Drops By 56.1%

Flight Centre Ltd. (OTCMKTS:FGETF) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 161,300 shares, a decrease of 56.1% from the September 15th total of 367,800 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Flight Centre Stock Performance

Shares of Flight Centre stock opened at $8.10 on Friday. The firm has a fifty day moving average of $8.10 and a two-hundred day moving average of $8.10. Flight Centre has a one year low of $8.07 and a one year high of $8.10.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised shares of Flight Centre to an “outperform” rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

About Flight Centre

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries, as well as supplies products to its national and international network, or travel retail outlets.