easyjet PLC (OTCMKTS:EJTTF) Short Interest Down 47.6% in January

easyjet PLC (OTCMKTS:EJTTF) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 25,275 shares, a decrease of 47.6% from the January 15th total of 48,190 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 63 shares, the days-to-cover ratio is presently 401.2 days. Based on an average daily volume of 63 shares, the days-to-cover ratio is presently 401.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded easyjet from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

easyjet Stock Up 9.2%

Shares of EJTTF stock traded up $0.59 on Friday, hitting $6.97. The stock had a trading volume of 430 shares, compared to its average volume of 16. The business has a 50 day moving average price of $6.78 and a 200 day moving average price of $6.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.11. easyjet has a one year low of $4.98 and a one year high of $8.44.

About easyjet

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.