Short interest in flatexDEGIRO AG (OTCMKTS:FNNTF) experienced a notable decline in December 2023. As of December 15, short interest dropped to a total of 59,739 shares, marking a significant decrease of 52.6% from the 126,157 shares reported on November 30. This shift indicates reduced bearish sentiment among investors regarding the company’s stock.
The current days-to-cover ratio stands at 6.7 days, calculated based on an average daily trading volume of 8,897 shares. This metric provides insight into how long it would take for short sellers to cover their positions, reflecting the relative liquidity of the stock.
Analysts’ Perspectives on flatexDEGIRO
Several investment analysts have recently updated their ratings for flatexDEGIRO. On October 10, UBS Group initiated coverage on the shares, assigning a “buy” rating. Following this, on October 15, Citigroup reiterated the same “buy” rating in its research note. Currently, two investment analysts have rated flatexDEGIRO with a buy recommendation. According to data from MarketBeat.com, the stock holds an average rating of “buy,” suggesting a generally positive outlook among financial professionals.
Insights into flatexDEGIRO
Founded through the merger of flatex AG and DeGiro in 2020, flatexDEGIRO AG is a leading digital brokerage firm based in Frankfurt am Main, Germany. The company aims to provide retail investors with low-cost access to global financial markets through a unified trading platform. With regional offices across Europe, flatexDEGIRO offers a range of services, including execution and custody for equities, exchange-traded funds (ETFs), bonds, and derivatives.
As the digital brokerage landscape evolves, flatexDEGIRO continues to position itself as a key player, attracting attention from both investors and analysts alike. The recent drop in short interest could indicate a growing confidence in the company’s future prospects among market participants.
