Short Interest in easyjet PLC (OTCMKTS:EJTTF) Decreases By 50.9%

easyjet PLC (OTCMKTS:EJTTF – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 155,434 shares, a drop of 50.9% from the July 30th total of 316,819 shares. Based on an average trading volume of 274 shares, the days-to-cover ratio is presently 567.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

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easyjet Price Performance

EJTTF stock remained flat at $8.89 during midday trading on Friday. easyjet has a one year low of $4.59 and a one year high of $9.62. The business has a 50 day moving average of $8.27 and a two-hundred day moving average of $6.35.

About easyjet

(Get Free Report)

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.

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