Fraport AG (OTCMKTS:FPRUY) Sees Significant Decrease in Short Interest

Fraport AG (OTCMKTS:FPRUY) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 500 shares, a decrease of 73.7% from the August 15th total of 1,900 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 1.3 days.

Shares of FPRUY stock traded down $0.37 during midday trading on Thursday, reaching $31.00. 100 shares of the company traded hands, compared to its average volume of 689. The firm’s 50 day simple moving average is $32.35 and its two-hundred day simple moving average is $33.28. Fraport has a 1-year low of $17.88 and a 1-year high of $39.03.

Several equities research analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Fraport in a research note on Wednesday, June 9th. Barclays restated an “underweight” rating on shares of Fraport in a research report on Wednesday, August 4th. Finally, Berenberg Bank downgraded shares of Fraport from a “buy” rating to a “hold” rating in a research report on Wednesday, June 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Fraport

Fraport AG Frankfurt Airport Services Worldwide engages in the international airport business. It involves in the operation and management of Frankfurt Airport. It operates through the following business segments: Aviation, Retail and Real Estate, Ground Handling, and International Activities and Services.

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