easyJet plc (OTCMKTS:ESYJY – Get Free Report) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 86,049 shares, a growth of 79.5% from the May 14th total of 47,928 shares. Based on an average daily volume of 79,100 shares, the short-interest ratio is presently 1.1 days.
easyJet Stock Down 0.4%
Shares of OTCMKTS:ESYJY traded down $0.03 during midday trading on Monday, reaching $6.75. The company’s stock had a trading volume of 14,041 shares, compared to its average volume of 22,151. The firm has a 50 day moving average of $5.36 and a 200-day moving average of $5.94. easyJet has a 12-month low of $4.57 and a 12-month high of $7.58.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ESYJY. Royal Bank Of Canada reiterated an “outperform” rating on shares of easyJet in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised easyJet from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Sanford C. Bernstein downgraded easyJet from an “outperform” rating to a “market perform” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.
About easyJet
easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.
Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.
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