Short Interest in Aurizon Holdings Limited (OTCMKTS:QRNNF) Expands By 50.1%

Aurizon Holdings Limited (OTCMKTS:QRNNF) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 341,277 shares, a growth of 50.1% from the February 12th total of 227,411 shares. Based on an average daily volume of 1,244 shares, the short-interest ratio is presently 274.3 days. Based on an average daily volume of 1,244 shares, the short-interest ratio is presently 274.3 days.

Aurizon Stock Performance

QRNNF opened at $2.76 on Monday. The firm has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.32. Aurizon has a twelve month low of $2.76 and a twelve month high of $2.99.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Aurizon to a “neutral” rating and set a $3.80 target price on the stock. in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Aurizon currently has a consensus rating of “Hold” and a consensus target price of $3.80.

About Aurizon

Aurizon Group Ltd, trading as OTCMKTS:QRNNF, is Australia’s leading rail freight operator, specialising in bulk commodity and intermodal logistics. Formed in 2010 through the privatisation of Queensland Rail’s freight business, the company commands an extensive network spanning the Central Queensland coal system and key corridors along the country’s east coast. Aurizon’s core services encompass coal haulage, iron ore and other bulk mineral transport, as well as agricultural and livestock logistics.

In addition to bulk freight, Aurizon offers intermodal solutions that connect major ports and urban centres, supporting the movement of containers and consumer goods.