Short Interest in Qantas Airways Limited (OTCMKTS:QUBSF) Increases By 62.8%

by · The Cerbat Gem

Qantas Airways Limited (OTCMKTS:QUBSF – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 347,923 shares, an increase of 62.8% from the July 30th total of 213,666 shares. Based on an average trading volume of 5,798 shares, the days-to-cover ratio is presently 60.0 days.

Qantas Airways Stock Performance

Shares of Qantas Airways stock opened at $6.88 on Wednesday. The firm’s 50-day moving average is $6.80 and its two-hundred day moving average is $6.54. Qantas Airways has a 1 year low of $5.50 and a 1 year high of $7.80.

About Qantas Airways

(Get Free Report)

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. Headquartered in Sydney, the company provides scheduled air passenger and freight services across domestic and international markets. Its core business includes mainline passenger operations under the Qantas brand, complemented by regional connectivity through its QantasLink subsidiary.

Qantas operates a mixed fleet of Airbus and Boeing aircraft, serving major domestic routes between Australian cities as well as long-haul flights to Asia, the Americas, Europe and Africa.

See Also