Webjet Limited (OTCMKTS:WEBJF) Sees Significant Drop in Short Interest

Webjet Limited (OTCMKTS:WEBJF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 290,800 shares, a drop of 32.8% from the September 30th total of 432,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2,908.0 days.

Webjet Price Performance

WEBJF opened at $0.93 on Friday. The firm’s fifty day simple moving average is $3.78 and its two-hundred day simple moving average is $4.56. Webjet has a 52-week low of $0.93 and a 52-week high of $0.93.

About Webjet

Webjet Limited provides online travel booking services in Australia, New Zealand, the United Arab Emirates, the United Kingdom, and internationally. It operates through Business to Consumer Travel and Business to Business Travel segments. The company enables its customers to compare, combine, and book domestic and international travel flight deals, hotel accommodation packages, travel insurances, rental cars, and motorhomes.