Flight Centre Ltd. (OTCMKTS:FGETF) Short Interest Up 46.6% in January

Flight Centre Ltd. (OTCMKTS:FGETF) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 605,106 shares, a growth of 46.6% from the January 15th total of 412,844 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Flight Centre Price Performance

Shares of OTCMKTS:FGETF opened at $10.11 on Friday. Flight Centre has a 12-month low of $8.07 and a 12-month high of $10.12. The firm has a fifty day moving average of $9.79 and a two-hundred day moving average of $8.69.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Flight Centre to a “strong-buy” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

About Flight Centre

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.