easyJet plc (OTCMKTS:ESYJY) Shares Shorted: Short Interest Up 138.3% in October

easyJet plc (OTCMKTS:ESYJY) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,446 shares, an increase of 138.3% from the September 30th total of 1,866 shares. Based on an average trading volume of 22,723 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

ESYJY has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of easyJet in a research report on Monday, August 24th. Citigroup restated a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. One investment 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.com, easyJet has a consensus rating of “Reduce”.

easyJet Price Performance

ESYJY traded up $0.01 during trading on Friday, reaching $9.05. 3,145 shares of the company’s stock were exchanged, compared to its average volume of 21,756. The company’s fifty day moving average price is $8.99 and its 200-day moving average price is $7.13. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.25.

easyJet Company Profile

easyJet plc is a low-cost airline group headquartered at London Luton Airport in the United Kingdom. The company operates scheduled passenger flights under the easyJet brand, primarily using an Airbus A320-family fleet to connect major airports and regional destinations.

Founded in 1995, easyJet serves a network spanning the United Kingdom, continental Europe and nearby leisure destinations in North Africa and the Middle East. Its airline operations include easyJet UK, easyJet Europe and easyJet Switzerland, which together provide short-haul travel for leisure and business passengers.

In addition to flights, the group operates easyJet holidays, a package-holiday business offering accommodations and travel packages in destinations served by the airline.