Yatra Online, Inc. (NASDAQ:YTRA) Sees Large Growth in Short Interest

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 78,628 shares, a growth of 261.1% from the May 31st total of 21,775 shares. Based on an average trading volume of 310,089 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in YTRA. Virtu Financial LLC bought a new stake in Yatra Online in the third quarter worth $25,000. Acuitas Investments LLC increased its holdings in shares of Yatra Online by 10.4% during the third quarter. Acuitas Investments LLC now owns 2,671,484 shares of the technology company’s stock valued at $3,740,000 after acquiring an additional 252,141 shares in the last quarter. Simcoe Capital LLC bought a new position in shares of Yatra Online during the fourth quarter valued at $4,604,000. Goldman Sachs Group Inc. raised its position in shares of Yatra Online by 103.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 52,016 shares of the technology company’s stock worth $93,000 after purchasing an additional 26,510 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Yatra Online in the 4th quarter worth about $60,000. Hedge funds and other institutional investors own 50.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YTRA shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Yatra Online in a report on Wednesday. Zacks Research upgraded shares of Yatra Online from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Yatra Online Price Performance

YTRA stock opened at $0.90 on Friday. The firm has a 50 day moving average price of $0.95 and a 200-day moving average price of $1.27. Yatra Online has a 52-week low of $0.72 and a 52-week high of $2.00. The firm has a market capitalization of $55.80 million, a price-to-earnings ratio of -22.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.02 and a current ratio of 2.23.

Yatra Online Company Profile

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.