Yatra Online, Inc. (NASDAQ:YTRA) Shares Shorted: Short Interest Up 56.0% in September

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 35,499 shares, a growth of 56.0% from the August 31st total of 22,752 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 55,017 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yatra Online in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yatra Online has a consensus rating of “Reduce”.

Yatra Online Trading Down 5.8%

Shares of YTRA stock opened at $0.88 on Friday. The stock has a market capitalization of $56.44 million, a PE ratio of -22.05 and a beta of 0.82. Yatra Online has a 1-year low of $0.72 and a 1-year high of $2.00. The business has a 50-day moving average of $0.96 and a 200 day moving average of $0.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.24 and a quick ratio of 2.24.

Yatra Online (NASDAQ:YTRA) last announced its quarterly earnings results on Wednesday, August 12th. The technology company reported $0.01 EPS for the quarter. Yatra Online had a negative return on equity of 2.32% and a negative net margin of 1.88%.The business had revenue of $19.80 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Yatra Online stock. Altai Capital Management L.P. bought a new position in Yatra Online, Inc. (NASDAQ:YTRA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,252,708 shares of the technology company’s stock, valued at approximately $3,065,000. Yatra Online accounts for about 6.2% of Altai Capital Management L.P.’s holdings, making the stock its 4th biggest position. Altai Capital Management L.P. owned 5.08% of Yatra Online as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 50.97% of the company’s stock.

About Yatra Online

Yatra Online, Inc is an online travel company that operates the Yatra brand, a digital travel marketplace serving consumers and businesses primarily in India. Through its website and mobile platforms, the company enables customers to search for, compare and book travel products and related services.

Yatra’s offerings include domestic and international air tickets, hotel and accommodation reservations, holiday packages, rail and bus tickets, activities, and other travel services. The company also provides corporate travel management services through Yatra for Business, supporting organizations with business-trip booking and travel-related solutions.

Founded in 2006, Yatra has developed a presence across India’s consumer and corporate travel markets and provides access to travel options in India and international destinations.