easyjet PLC (OTCMKTS:EJTTF) Short Interest Down 74.0% in December

easyjet PLC (OTCMKTS:EJTTF) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 55,639 shares, a drop of 74.0% from the November 30th total of 214,118 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Currently, 0.0% of the company’s shares are short sold.

easyjet Trading Up 8.1%

OTCMKTS:EJTTF traded up $0.52 during mid-day trading on Thursday, hitting $6.90. The company had a trading volume of 1,000 shares, compared to its average volume of 50. The business has a fifty day simple moving average of $6.33 and a 200-day simple moving average of $6.61. easyjet has a 1 year low of $4.98 and a 1 year high of $8.44.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of easyjet from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

easyjet Company Profile

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.