easyJet plc (OTCMKTS:ESYJY – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,176 shares, a drop of 69.5% from the June 30th total of 10,413 shares. Based on an average daily trading volume, of 79,124 shares, the days-to-cover ratio is currently 0.0 days.
easyJet Stock Up 3.1%
Shares of OTCMKTS:ESYJY opened at $8.27 on Friday. The firm’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $6.20. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.17.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ESYJY. Sanford C. Bernstein cut easyJet from an “outperform” rating to a “market perform” rating in a research report on Monday, April 13th. Morgan Stanley reaffirmed an “underweight” rating on shares of easyJet in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Barclays reissued an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Finally, Citigroup restated a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.
easyJet Company Profile
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.
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