Short Interest in easyJet plc (OTCMKTS:ESYJY) Expands By 758.9%

easyJet plc (OTCMKTS:ESYJY) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 27,279 shares, an increase of 758.9% from the July 15th total of 3,176 shares. Based on an average daily volume of 45,403 shares, the days-to-cover ratio is presently 0.6 days.

easyJet Price Performance

easyJet stock opened at $9.08 on Wednesday. easyJet has a twelve month low of $4.57 and a twelve month high of $9.17. The firm has a 50 day moving average price of $7.81 and a 200-day moving average price of $6.37.

Analysts Set New Price Targets

Several brokerages recently weighed in on ESYJY. UBS Group cut shares of easyJet to a “neutral” rating in a research report on Tuesday, June 30th. Barclays restated an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Royal Bank Of Canada downgraded easyJet from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 30th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of easyJet in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, easyJet has an average rating of “Reduce”.

easyJet Company Profile

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.