flatexDEGIRO AG (OTCMKTS:FNNTF) Short Interest Up 9.5% in February

flatexDEGIRO AG (OTCMKTS:FNNTF – Get Rating) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 764,200 shares, a growth of 9.5% from the February 13th total of 697,600 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 3,821.0 days.

flatexDEGIRO Price Performance

Shares of FNNTF stock opened at $8.35 on Wednesday. The stock has a 50-day moving average of $6.64 and a 200-day moving average of $7.85. flatexDEGIRO has a one year low of $6.10 and a one year high of $18.85.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FNNTF shares. Oddo Bhf cut flatexDEGIRO from an “outperform” rating to a “neutral” rating and set a €9.00 ($9.68) target price on the stock. in a report on Monday, December 5th. Keefe, Bruyette & Woods cut shares of flatexDEGIRO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 6th. Citigroup began coverage on flatexDEGIRO in a research note on Monday, February 27th. They issued a “neutral” rating for the company. The Goldman Sachs Group downgraded shares of flatexDEGIRO from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of flatexDEGIRO from €11.00 ($11.83) to €9.00 ($9.68) and set a “hold” rating for the company in a research report on Monday, December 5th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.65.

About flatexDEGIRO

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flatexDEGIRO AG operates as a brokerage platform in Europe. It offers a wide range of independent products with execution on top of Tier 1 exchanges. The firm provides a full-service and full-product approach to allow clients to take ownership of their financial wealth in a self-directed manner. Its technological edge as well as its high efficiency and strong economies of scale enable flatexDEGIRO to continuously improve its service offerings to customers.