Short Interest in easyjet PLC (OTCMKTS:EJTTF) Drops By 50.9%

easyjet PLC (OTCMKTS:EJTTF) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 155,434 shares, a decline of 50.9% from the July 30th total of 316,819 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 274 shares, the days-to-cover ratio is currently 567.3 days.

easyjet Price Performance

Shares of EJTTF stock remained flat at $8.89 during trading hours on Friday. The stock has a 50-day moving average price of $8.27 and a two-hundred day moving average price of $6.35. easyjet has a fifty-two week low of $4.59 and a fifty-two week high of $9.62.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group cut shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Zacks Research raised shares of easyjet to a “hold” rating in a research report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About easyjet

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.