Short Interest in easyJet plc (OTCMKTS:ESYJY) Decreases By 81.9%

easyJet plc (OTCMKTS:ESYJYGet 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”.

View Our Latest Research Report on ESYJY

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

(Get Free Report)

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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