Jet2 plc (OTCMKTS:DRTGF) Sees Significant Decrease in Short Interest

Jet2 plc (OTCMKTS:DRTGF) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,399 shares, a drop of 88.7% from the November 30th total of 30,143 shares. Based on an average trading volume of 6,358 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 6,358 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Jet2 in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Jet2 Price Performance

Shares of DRTGF stock opened at $18.54 on Friday. Jet2 has a 12 month low of $16.75 and a 12 month high of $25.32. The company’s fifty day simple moving average is $17.57 and its 200-day simple moving average is $20.37.

Jet2 Company Profile

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.