Fraport AG (OTCMKTS:FPRUY) Short Interest Up 9,166.7% in March

Fraport AG (OTCMKTS:FPRUY) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 278 shares, a growth of 9,166.7% from the March 15th total of 3 shares. Based on an average daily volume of 29 shares, the days-to-cover ratio is currently 9.6 days.

Analyst Ratings Changes

A number of equities research analysts have commented on FPRUY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Fraport in a research report on Thursday, January 15th. Jefferies Financial Group upgraded Fraport from an “underperform” rating to a “buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Fraport currently has an average rating of “Moderate Buy”.

Fraport Stock Performance

FPRUY stock opened at $43.74 on Friday. Fraport has a 12-month low of $30.15 and a 12-month high of $45.66. The business’s fifty day moving average price is $42.16 and its 200 day moving average price is $42.20.

About Fraport

Fraport AG is a global airport management company headquartered in Frankfurt, Germany. The company’s primary business revolves around the operation and development of Frankfurt Airport, one of Europe’s leading aviation hubs, as well as a portfolio of regional and international airports. In addition to airport infrastructure, Fraport offers ground handling services, security screening, retail management and real estate development within its terminals. These diverse operations aim to enhance passenger experience and maximize airport efficiency through integrated service offerings.

Beyond its flagship airport in Frankfurt, Fraport has expanded its footprint to airports in more than 30 countries across Europe, the Americas, Asia and Africa.