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

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

Qantas Airways Stock Up 2.4 %

QABSY stock traded up $0.55 during midday trading on Monday, hitting $23.81. 3,184 shares of the stock traded hands, compared to its average volume of 9,499. The stock’s fifty day simple moving average is $20.95 and its 200-day simple moving average is $19.71. Qantas Airways has a 1-year low of $14.83 and a 1-year high of $24.00.

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.