Short Interest in easyjet PLC (OTCMKTS:EJTTF) Decreases By 39.2%

easyjet PLC (OTCMKTS:EJTTF) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 94,451 shares, a decrease of 39.2% from the August 15th total of 155,434 shares. Based on an average daily trading volume, of 36 shares, the short-interest ratio is presently 2,623.6 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts have weighed in on EJTTF shares. UBS Group cut shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Zacks Research raised shares of easyjet to a “hold” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

easyjet Price Performance

EJTTF remained flat at $8.89 during trading on Wednesday. easyjet has a 12 month low of $4.59 and a 12 month high of $9.62. The business has a fifty day simple moving average of $8.69 and a two-hundred day simple moving average of $6.53.

easyjet Company Profile

easyJet plc is a British low-cost airline headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, focusing primarily on short- and medium-haul routes and offering fares designed for value-conscious travelers.

Founded in 1995, easyJet has developed a network serving destinations across the United Kingdom, Europe, North Africa and the Middle East. Its operations are concentrated at airports throughout Europe, with bases in countries including the United Kingdom, France, Italy, Switzerland, Germany and Portugal.

In addition to airline services, easyJet operates easyJet holidays, which provides package holidays combining flights with hotel accommodations and other travel arrangements.