Short Interest in easyjet PLC (OTCMKTS:EJTTF) Decreases By 39.2%

easyjet PLC (OTCMKTS:EJTTF) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 94,451 shares, a decrease of 39.2% from the August 15th total of 155,434 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 36 shares, the short-interest ratio is currently 2,623.6 days.

Analyst Ratings Changes

Several brokerages recently issued reports on EJTTF. Zacks Research raised shares of easyjet to a “hold” rating in a report on Wednesday, July 8th. UBS Group lowered shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

easyjet Price Performance

easyjet stock remained flat at $8.89 during midday trading on Wednesday. The company has a 50 day simple moving average of $8.69 and a 200 day simple moving average of $6.53. easyjet has a 52-week low of $4.59 and a 52-week high of $9.62.

easyjet Company Profile

easyJet plc is a British low-cost airline headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, focusing primarily on short- and medium-haul routes and offering fares designed for value-conscious travelers.

Founded in 1995, easyJet has developed a network serving destinations across the United Kingdom, Europe, North Africa and the Middle East. Its operations are concentrated at airports throughout Europe, with bases in countries including the United Kingdom, France, Italy, Switzerland, Germany and Portugal.

In addition to airline services, easyJet operates easyJet holidays, which provides package holidays combining flights with hotel accommodations and other travel arrangements.