easyJet plc (OTCMKTS:ESYJY – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 10,413 shares, a decrease of 65.4% from the June 15th total of 30,055 shares. Based on an average daily volume of 50,273 shares, the days-to-cover ratio is currently 0.2 days.
easyJet Price Performance
Shares of easyJet stock opened at $9.09 on Wednesday. The business has a 50-day moving average price of $6.43 and a 200 day moving average price of $6.10. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.16.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ESYJY. Barclays reiterated an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Royal Bank Of Canada cut easyJet from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Citigroup reiterated a “neutral” rating on shares of easyJet in a research note on Monday. Finally, UBS Group downgraded shares of easyJet to a “neutral” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, easyJet presently has an average rating of “Reduce”.
About easyJet
easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.
Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.
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