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

easyjet PLC (OTCMKTS:EJTTF) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 444,469 shares, an increase of 87.4% from the March 15th total of 237,142 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,446 shares, the days-to-cover ratio is presently 307.4 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein cut shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

easyjet Stock Performance

Shares of OTCMKTS:EJTTF opened at $4.59 on Tuesday. The firm’s 50 day moving average price is $5.65 and its 200 day moving average price is $6.18. easyjet has a fifty-two week low of $4.59 and a fifty-two week 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.

About easyjet

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.