JetBlue Airways Co. (NASDAQ:JBLU) Short Interest Update

JetBlue Airways Co. (NASDAQ:JBLU) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 52,870,000 shares, a drop of 12.2% from the January 15th total of 60,200,000 shares. Currently, 18.1% of the company’s shares are short sold. Based on an average daily volume of 20,820,000 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of recent analyst reports. Barclays raised their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Bank of America restated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Susquehanna lowered their price objective on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Finally, StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.51.

JetBlue Airways Stock Performance

JetBlue Airways stock traded up $0.10 during mid-day trading on Monday, hitting $6.78. 11,558,938 shares of the company’s stock traded hands, compared to its average volume of 26,478,670. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The company has a market cap of $2.35 billion, a PE ratio of -2.90 and a beta of 1.83. The firm has a 50 day moving average price of $7.25 and a 200 day moving average price of $6.46. JetBlue Airways has a one year low of $4.49 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same period in the previous year, the business posted ($0.19) EPS. On average, equities analysts forecast that JetBlue Airways will post -0.58 EPS for the current year.

Insider Transactions at JetBlue Airways

In related news, Director Nik Mittal bought 100,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the purchase, the director now owns 116,443 shares in the company, valued at $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds have recently modified their holdings of the stock. Vident Advisory LLC grew its holdings in shares of JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock valued at $182,000 after buying an additional 2,284 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of JetBlue Airways during the fourth quarter valued at $10,852,000. Sherbrooke Park Advisers LLC purchased a new position in shares of JetBlue Airways during the fourth quarter valued at $79,000. Prentice Capital Management LP grew its holdings in shares of JetBlue Airways by 1,329.0% during the fourth quarter. Prentice Capital Management LP now owns 1,433,316 shares of the transportation company’s stock valued at $11,266,000 after buying an additional 1,333,016 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of JetBlue Airways by 44.6% during the fourth quarter. ProShare Advisors LLC now owns 93,862 shares of the transportation company’s stock valued at $738,000 after buying an additional 28,971 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.