Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Drops By 82.9%

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,165 shares, a decrease of 82.9% from the April 30th total of 41,970 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 28,812 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Yatra Online

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Yatra Online during the 3rd quarter worth $25,000. Corsair Capital Management L.P. purchased a new position in Yatra Online during the 4th quarter worth $36,000. Quadrature Capital Ltd purchased a new position in Yatra Online during the 4th quarter worth $36,000. Jane Street Group LLC purchased a new position in Yatra Online during the 4th quarter worth $60,000. Finally, XTX Topco Ltd purchased a new position in Yatra Online during the 4th quarter worth $79,000. Institutional investors and hedge funds own 50.97% of the company’s stock.

Yatra Online Stock Performance

NASDAQ:YTRA traded up $0.06 during trading hours on Friday, reaching $0.94. 12,338 shares of the company’s stock were exchanged, compared to its average volume of 69,323. The firm has a market capitalization of $58.61 million, a price-to-earnings ratio of -22.80 and a beta of 0.74. The company has a 50-day moving average of $1.01 and a 200 day moving average of $1.38. The company has a quick ratio of 2.02, a current ratio of 2.23 and a debt-to-equity ratio of 0.03. Yatra Online has a 1-year low of $0.86 and a 1-year high of $2.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Yatra Online from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.00.

About Yatra Online

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.