easyjet PLC (OTCMKTS:EJTTF) Short Interest Down 50.9% in August

easyjet PLC (OTCMKTS:EJTTF) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 155,434 shares, a decline of 50.9% from the July 30th total of 316,819 shares. Based on an average daily trading volume, of 274 shares, the short-interest ratio is presently 567.3 days. Approximately 0.0% of the company’s shares are short sold.

easyjet Stock Performance

Shares of EJTTF remained flat at $8.89 during mid-day trading on Monday. The firm’s 50-day moving average price is $8.27 and its 200-day moving average price is $6.35. easyjet has a one year low of $4.59 and a one year high of $9.62.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group cut easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Zacks Research upgraded easyjet to a “hold” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, easyjet presently has a consensus rating of “Hold”.

easyjet Company Profile

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.