Qantas Airways Limited (OTCMKTS:QABSY) Sees Large Decline in Short Interest

Qantas Airways Limited (OTCMKTS:QABSY) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,200 shares, a decline of 63.6% from the October 15th total of 8,800 shares. Based on an average trading volume of 41,400 shares, the short-interest ratio is currently 0.1 days.

Qantas Airways Stock Down 1.6 %

Shares of QABSY traded down $0.46 during mid-day trading on Wednesday, reaching $27.61. The company had a trading volume of 3,527 shares, compared to its average volume of 9,761. The firm has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $22.05. Qantas Airways has a fifty-two week low of $15.83 and a fifty-two week high of $28.86.

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.