easyJet plc (OTCMKTS:ESYJY) Sees Large Growth in Short Interest

easyJet plc (OTCMKTS:ESYJY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,866 shares, an increase of 127.6% from the September 15th total of 820 shares. Based on an average daily volume of 17,717 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ESYJY. Royal Bank Of Canada reissued a “sector perform” rating on shares of easyJet in a research note on Monday, August 24th. Morgan Stanley reaffirmed an “underweight” rating on shares of easyJet in a report on Wednesday, June 24th. UBS Group downgraded easyJet to a “neutral” rating in a report on Tuesday, June 30th. Finally, Citigroup reissued a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

easyJet Stock Performance

ESYJY stock remained flat at $8.91 during midday trading on Wednesday. 3,473 shares of the company’s stock were exchanged, compared to its average volume of 22,134. easyJet has a 1 year low of $4.57 and a 1 year high of $9.25. The stock’s 50 day moving average price is $8.99 and its 200-day moving average price is $7.29.

easyJet Company Profile

easyJet plc is a United Kingdom-based low-cost airline group that operates scheduled short-haul passenger flights. The company serves leisure and business travelers through a network connecting airports in the United Kingdom and continental Europe with destinations in countries including France, Spain, Italy, Portugal, Greece, Switzerland, and the Netherlands, as well as selected locations in North Africa and the Middle East.

In addition to its airline operations, easyJet offers ancillary travel services such as seat selection, baggage options, onboard products, and car-hire and accommodation arrangements.