Jet2 plc (OTCMKTS:DRTGF – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 151,799 shares, a drop of 60.6% from the June 30th total of 385,115 shares. Based on an average daily volume of 994 shares, the short-interest ratio is presently 152.7 days.
Jet2 Stock Performance
DRTGF stock remained flat at $19.32 during trading on Tuesday. Jet2 has a 1-year low of $14.07 and a 1-year high of $22.68. The company’s fifty day moving average is $17.59 and its two-hundred day moving average is $16.70.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on DRTGF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Jet2 in a report on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Jet2 in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Jet2 has a consensus rating of “Moderate Buy”.
About Jet2
Jet2 plc, trading on the OTC Markets under the symbol DRTGF, is a UK-based leisure airline and holiday provider. Through its subsidiaries Jet2.com and Jet2holidays, the company operates scheduled low-cost flights and packages to popular holiday destinations across Europe. The group serves leisure travelers primarily from the United Kingdom, offering one-way and return flights alongside tailored package deals that combine flights, accommodation, transfers, and additional services.
The core of Jet2’s operations is its scheduled passenger airline, Jet2.com, which flies from more than a dozen UK airports including Birmingham, Manchester and London Stansted.
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