Fraport AG (OTCMKTS:FPRUY) Sees Large Drop in Short Interest
by Mitch Edgeman · The Markets DailyFraport AG (OTCMKTS:FPRUY – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 34 shares, a drop of 89.1% from the December 15th total of 312 shares. Based on an average daily trading volume, of 91 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 91 shares, the short-interest ratio is presently 0.4 days.
Fraport Stock Performance
FPRUY stock remained flat at $40.90 during trading on Wednesday. 5 shares of the company’s stock were exchanged, compared to its average volume of 1,447. Fraport has a twelve month low of $28.75 and a twelve month high of $45.66. The stock has a 50 day moving average price of $41.73 and a 200 day moving average price of $41.93.
Analyst Ratings Changes
Separately, Morgan Stanley lowered shares of Fraport from an “overweight” rating to a “mixed” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
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Fraport Company Profile
Fraport AG is a global airport management company headquartered in Frankfurt, Germany. The company’s primary business revolves around the operation and development of Frankfurt Airport, one of Europe’s leading aviation hubs, as well as a portfolio of regional and international airports. In addition to airport infrastructure, Fraport offers ground handling services, security screening, retail management and real estate development within its terminals. These diverse operations aim to enhance passenger experience and maximize airport efficiency through integrated service offerings.
Beyond its flagship airport in Frankfurt, Fraport has expanded its footprint to airports in more than 30 countries across Europe, the Americas, Asia and Africa.