easyJet plc (OTCMKTS:ESYJY) Sees Large Drop in Short Interest

easyJet plc (OTCMKTS:ESYJYGet Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 301 shares, a decrease of 93.9% from the August 15th total of 4,943 shares. Based on an average daily volume of 51,670 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

ESYJY has been the topic of several recent analyst reports. UBS Group cut shares of easyJet to a “neutral” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Barclays reissued an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of easyJet in a research report on Monday, August 24th. Finally, Morgan Stanley restated an “underweight” rating on shares of easyJet in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on ESYJY

easyJet Trading Down 0.4%

Shares of OTCMKTS:ESYJY traded down $0.04 during mid-day trading on Thursday, reaching $8.98. The company had a trading volume of 4,246 shares, compared to its average volume of 23,683. easyJet has a one year low of $4.57 and a one year high of $9.25. The company’s 50-day moving average price is $8.77 and its 200-day moving average price is $6.75.

About easyJet

(Get Free Report)

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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