Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Drops By 13.9%

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 82,509 shares, a decline of 13.9% from the January 29th total of 95,875 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 129,141 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 129,141 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on YTRA shares. Zacks Research downgraded shares of Yatra Online from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Wall Street Zen raised Yatra Online to a “hold” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Yatra Online in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $3.00.

Hedge Funds Weigh In On Yatra Online

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Yatra Online during the 3rd quarter worth $25,000. Corsair Capital Management L.P. acquired a new stake in shares of Yatra Online in the fourth quarter valued at about $36,000. Quadrature Capital Ltd bought a new position in shares of Yatra Online during the fourth quarter worth about $36,000. Goldman Sachs Group Inc. lifted its stake in shares of Yatra Online by 103.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 52,016 shares of the technology company’s stock worth $93,000 after acquiring an additional 26,510 shares during the period. Finally, Jane Street Group LLC bought a new stake in Yatra Online in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 50.97% of the company’s stock.

Yatra Online Stock Performance

NASDAQ:YTRA opened at $1.16 on Friday. The stock’s 50-day moving average is $1.57 and its 200-day moving average is $1.57. Yatra Online has a 1-year low of $0.58 and a 1-year high of $2.00. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.03. The stock has a market cap of $72.26 million, a P/E ratio of -58.00 and a beta of 0.80.

About Yatra Online

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.