easyjet PLC (OTCMKTS:EJTTF) Stock Short Interest Declines 39.6%

easyjet PLC (OTCMKTS:EJTTF) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 57,056 shares, a decrease of 39.6% from the August 31st total of 94,451 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.0% of the shares of the company are short sold.

easyjet Stock Performance

OTCMKTS:EJTTF remained flat at $8.89 during mid-day trading on Thursday. The business’s 50 day simple moving average is $8.73 and its 200-day simple moving average is $6.77. easyjet has a 1 year low of $4.59 and a 1 year high of $9.62.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. UBS Group downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of easyjet to a “hold” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

easyjet Company Profile

easyJet plc is a British low-cost airline group headquartered at London Luton Airport. Founded in 1995 by entrepreneur Stelios Haji-Ioannou, the company operates scheduled passenger flights using the easyJet brand and focuses on offering affordable air travel with a broad network of short-haul routes.

The airline serves destinations across the United Kingdom and continental Europe, as well as selected locations in North Africa and the Middle East. Its network connects major airports and regional destinations, with operations supported by a fleet primarily consisting of Airbus aircraft.

In addition to its airline operations, easyJet offers vacation packages through easyJet holidays, which combines flights with hotel accommodations and related travel services.