Short Interest in easyjet PLC (OTCMKTS:EJTTF) Grows By 141.4%

easyjet PLC (OTCMKTS:EJTTF) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 61,025 shares, a growth of 141.4% from the January 29th total of 25,275 shares. Based on an average daily volume of 86 shares, the days-to-cover ratio is currently 709.6 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 86 shares, the days-to-cover ratio is currently 709.6 days.

Analyst Ratings Changes

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 analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

easyjet Price Performance

EJTTF opened at $6.42 on Friday. The business has a fifty day simple moving average of $6.83 and a 200 day simple moving average of $6.55. easyjet has a 1 year low of $4.98 and a 1 year high of $8.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.11.

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.