Qantas Airways Limited (OTCMKTS:QABSY) Sees Significant Increase in Short Interest

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 19,600 shares, a growth of 31.5% from the August 15th total of 14,900 shares. Based on an average trading volume of 20,000 shares, the days-to-cover ratio is currently 1.0 days.

Qantas Airways Stock Performance

QABSY traded up $0.55 on Monday, reaching $23.81. 3,184 shares of the company’s stock were exchanged, compared to its average volume of 9,499. Qantas Airways has a twelve month low of $14.83 and a twelve month high of $24.00. The stock’s fifty day moving average price is $20.95 and its 200-day moving average price is $19.71.

About Qantas Airways

Qantas Airways Limited provides air transportation services in Australia and internationally. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments. It offers passenger flying, and air cargo and express freight services; and customer loyalty recognition programs.