easyjet PLC (OTCMKTS:EJTTF) Sees Large Decline in Short Interest

easyjet PLC (OTCMKTS:EJTTF) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 25,275 shares, a decline of 47.6% from the January 15th total of 48,190 shares. Based on an average daily volume of 63 shares, the short-interest ratio is presently 401.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 63 shares, the short-interest ratio is presently 401.2 days.

easyjet Price Performance

Shares of OTCMKTS EJTTF opened at $6.97 on Friday. easyjet has a 1-year low of $4.98 and a 1-year high of $8.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $6.79 and its two-hundred day moving average price is $6.54.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of easyjet from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

easyjet Company Profile

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.