easyJet plc (OTCMKTS:ESYJY – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 86,049 shares, an increase of 79.5% from the May 14th total of 47,928 shares. Based on an average daily volume of 79,100 shares, the days-to-cover ratio is presently 1.1 days.
easyJet Trading Up 1.9%
Shares of ESYJY stock traded up $0.13 during mid-day trading on Tuesday, hitting $6.83. 19,189 shares of the stock were exchanged, compared to its average volume of 22,123. easyJet has a 52-week low of $4.57 and a 52-week high of $7.42. The firm has a fifty day moving average of $5.39 and a 200 day moving average of $5.94.
Analysts Set New Price Targets
ESYJY has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of easyJet in a research note on Friday, May 22nd. Barclays reiterated an “overweight” rating on shares of easyJet in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Sanford C. Bernstein downgraded shares of easyJet from an “outperform” rating to a “market perform” rating in a research report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
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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