Yatra Online, Inc. (NASDAQ:YTRA) Stock Short Interest Jumps 56.0%

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 35,499 shares, an increase of 56.0% from the August 31st total of 22,752 shares. Based on an average daily volume of 55,017 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

Yatra Online Stock Performance

Shares of Yatra Online stock opened at $0.94 on Friday. The business has a 50-day moving average price of $0.96 and a two-hundred day moving average price of $0.96. Yatra Online has a 1-year low of $0.72 and a 1-year high of $2.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.02. The company has a market cap of $59.89 million, a P/E ratio of -23.40 and a beta of 0.82.

Yatra Online (NASDAQ:YTRA) last announced its quarterly earnings data on Wednesday, August 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $19.80 million for the quarter. Yatra Online had a negative return on equity of 2.32% and a negative net margin of 1.88%.

Institutional Trading of Yatra Online

A hedge fund recently bought a new position in Yatra Online stock. Altai Capital Management L.P. bought a new position in shares of Yatra Online, Inc. (NASDAQ:YTRA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,252,708 shares of the technology company’s stock, valued at approximately $3,065,000. Yatra Online makes up about 6.2% of Altai Capital Management L.P.’s portfolio, making the stock its 4th biggest position. Altai Capital Management L.P. owned approximately 5.08% of Yatra Online at the end of the most recent quarter. Hedge funds and other institutional investors own 50.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Yatra Online in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Yatra Online has a consensus rating of “Reduce”.

About Yatra Online

Yatra Online, Inc is an online travel company that operates the Yatra brand, a digital travel marketplace serving consumers and businesses primarily in India. Through its website and mobile platforms, the company enables customers to search for, compare and book travel products and related services.

Yatra’s offerings include domestic and international air tickets, hotel and accommodation reservations, holiday packages, rail and bus tickets, activities, and other travel services. The company also provides corporate travel management services through Yatra for Business, supporting organizations with business-trip booking and travel-related solutions.

Founded in 2006, Yatra has developed a presence across India’s consumer and corporate travel markets and provides access to travel options in India and international destinations.