Short Interest in easyjet PLC (OTCMKTS:EJTTF) Drops By 50.9%

easyjet PLC (OTCMKTS:EJTTF) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 155,434 shares, a drop of 50.9% from the July 30th total of 316,819 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 274 shares, the days-to-cover ratio is presently 567.3 days.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EJTTF shares. UBS Group downgraded easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Zacks Research upgraded shares of easyjet to a “hold” rating in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

easyjet Stock Performance

EJTTF remained flat at $8.89 on Friday. The stock’s 50 day simple moving average is $8.27 and its 200 day simple moving average is $6.35. easyjet has a 12-month low of $4.59 and a 12-month high of $9.62.

easyjet Company Profile

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.