easyJet plc (OTCMKTS:ESYJY) Sees Significant Decline in Short Interest

easyJet plc (OTCMKTS:ESYJY) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,943 shares, a decrease of 81.9% from the July 30th total of 27,279 shares. Based on an average trading volume of 33,923 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley reiterated an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Barclays restated an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of easyJet in a research report on Monday. UBS Group lowered easyJet to a “neutral” rating in a research report on Tuesday, June 30th. Finally, Citigroup reiterated a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Institutional Trading of easyJet

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Square LLC purchased a new stake in easyJet during the 2nd quarter worth about $201,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of easyJet during the 2nd quarter worth about $612,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of easyJet in the 2nd quarter valued at about $3,872,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

easyJet Stock Performance

Shares of ESYJY opened at $9.11 on Thursday. easyJet has a twelve month low of $4.57 and a twelve month high of $9.25. The firm’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $6.56.

About easyJet

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.