easyjet PLC (OTCMKTS:EJTTF) Sees Significant Increase in Short Interest

easyjet PLC (OTCMKTS:EJTTF) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 237,142 shares, an increase of 102.8% from the February 26th total of 116,931 shares. Based on an average daily trading volume, of 370 shares, the days-to-cover ratio is currently 640.9 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of easyjet from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

easyjet Stock Performance

Shares of easyjet stock remained flat at $4.81 during midday trading on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 464. easyjet has a 1-year low of $4.62 and a 1-year high of $8.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $6.33.

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.