easyJet plc (OTCMKTS:ESYJY – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 4,943 shares, a decline of 81.9% from the July 30th total of 27,279 shares. Based on an average daily volume of 33,923 shares, the days-to-cover ratio is presently 0.1 days.
easyJet Trading Down 0.4%
ESYJY stock opened at $9.14 on Wednesday. The firm has a 50 day moving average of $8.33 and a 200-day moving average of $6.55. easyJet has a 12-month low of $4.57 and a 12-month high of $9.25.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft raised easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Barclays reiterated an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of easyJet in a report on Monday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.
Hedge Funds Weigh In On easyJet
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESYJY. Public Employees Retirement System of Ohio purchased a new stake in shares of easyJet in the second quarter valued at about $305,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of easyJet during the 2nd quarter worth approximately $612,000. Finally, Capital Square LLC purchased a new position in shares of easyJet during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 0.01% of the company’s stock.
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.
See Also
- Five stocks we like better than easyJet
- PDD Beat Earnings—So Why Did the Stock Still Fall?
- Tariffs Are Back in Focus: 3 Stocks With a Home-Field Advantage
- Marzetti Stock Confirms Reversal on Earnings Strength, Dividend Growth
- Pathward’s Credit Scare Tests Its Comeback Story
Receive News & Ratings for easyJet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet and related companies with MarketBeat.com's FREE daily email newsletter.
