Short Interest in Flight Centre Ltd. (OTCMKTS:FGETF) Expands By 46.6%

Flight Centre Ltd. (OTCMKTS:FGETF) was the target of a significant growth in short interest in 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 short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Flight Centre Price Performance

Shares of FGETF opened at $10.11 on Tuesday. Flight Centre has a twelve month low of $8.07 and a twelve month high of $10.12. The stock’s 50 day moving average is $9.83 and its two-hundred day moving average is $8.71.

Analyst Ratings Changes

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

Flight Centre Company Profile

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.