easyJet plc (OTCMKTS:ESYJY – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 86,049 shares, a growth of 79.5% from the May 14th total of 47,928 shares. Based on an average daily volume of 79,100 shares, the short-interest ratio is currently 1.1 days.
easyJet Trading Down 0.4%
Shares of easyJet stock traded down $0.03 during trading on Monday, hitting $6.75. 14,041 shares of the company’s stock traded hands, compared to its average volume of 22,151. easyJet has a 1 year low of $4.57 and a 1 year high of $7.58. The business has a 50-day simple moving average of $5.36 and a 200-day simple moving average of $5.94.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ESYJY. Royal Bank Of Canada restated an “outperform” rating on shares of easyJet in a research note on Friday, May 22nd. Sanford C. Bernstein cut easyJet from an “outperform” rating to a “market perform” rating in a research note on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft raised easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
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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