Short Interest in Jet2 plc (OTCMKTS:DRTGF) Decreases By 60.6%

Jet2 plc (OTCMKTS:DRTGF) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 151,799 shares, a decline of 60.6% from the June 30th total of 385,115 shares. Based on an average daily volume of 994 shares, the days-to-cover ratio is currently 152.7 days.

Jet2 Stock Performance

Shares of OTCMKTS:DRTGF opened at $19.32 on Monday. Jet2 has a 1-year low of $14.07 and a 1-year high of $22.68. The business has a fifty day moving average price of $17.49 and a 200-day moving average price of $16.70.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DRTGF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Jet2 in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Jet2 in a report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Jet2 Company Profile

Jet2 plc, trading on the OTC Markets under the symbol DRTGF, is a UK-based leisure airline and holiday provider. Through its subsidiaries Jet2.com and Jet2holidays, the company operates scheduled low-cost flights and packages to popular holiday destinations across Europe. The group serves leisure travelers primarily from the United Kingdom, offering one-way and return flights alongside tailored package deals that combine flights, accommodation, transfers, and additional services.

The core of Jet2’s operations is its scheduled passenger airline, Jet2.com, which flies from more than a dozen UK airports including Birmingham, Manchester and London Stansted.