Short Interest in easyjet PLC (OTCMKTS:EJTTF) Drops By 39.2%

easyjet PLC (OTCMKTS:EJTTF) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 94,451 shares, a decrease of 39.2% from the August 15th total of 155,434 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 36 shares, the days-to-cover ratio is presently 2,623.6 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EJTTF shares. Zacks Research upgraded easyjet to a “hold” rating in a research report on Wednesday, July 8th. UBS Group cut easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, easyjet presently has an average rating of “Hold”.

easyjet Price Performance

OTCMKTS:EJTTF opened at $8.89 on Thursday. The firm’s 50 day moving average is $8.70 and its two-hundred day moving average is $6.55. easyjet has a fifty-two week low of $4.59 and a fifty-two week high of $9.62.

About easyjet

easyJet plc is a British low-cost airline headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, focusing primarily on short- and medium-haul routes and offering fares designed for value-conscious travelers.

Founded in 1995, easyJet has developed a network serving destinations across the United Kingdom, Europe, North Africa and the Middle East. Its operations are concentrated at airports throughout Europe, with bases in countries including the United Kingdom, France, Italy, Switzerland, Germany and Portugal.

In addition to airline services, easyJet operates easyJet holidays, which provides package holidays combining flights with hotel accommodations and other travel arrangements.