Short Interest in easyjet PLC (OTCMKTS:EJTTF) Grows By 141.4%

easyjet PLC (OTCMKTS:EJTTF) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 61,025 shares, an increase of 141.4% from the January 29th total of 25,275 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 86 shares, the short-interest ratio is currently 709.6 days. Based on an average daily trading volume, of 86 shares, the short-interest ratio is currently 709.6 days. Currently, 0.0% of the company’s stock are short sold.

easyjet Price Performance

easyjet stock opened at $6.42 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day moving average is $6.83 and its 200-day moving average is $6.55. easyjet has a fifty-two week low of $4.98 and a fifty-two week high of $8.44.

Wall Street Analysts Forecast Growth

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

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.