easyJet plc (OTCMKTS:ESYJY) Sees Significant Drop in Short Interest

easyJet plc (OTCMKTS:ESYJY) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 30,055 shares, a drop of 65.1% from the May 31st total of 86,049 shares. Based on an average trading volume of 92,841 shares, the days-to-cover ratio is currently 0.3 days.

easyJet Trading Down 0.6%

Shares of OTCMKTS:ESYJY opened at $7.70 on Tuesday. The company’s 50-day moving average price is $5.77 and its 200 day moving average price is $5.99. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $7.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ESYJY shares. Barclays restated an “overweight” rating on shares of easyJet in a research note on Monday, June 15th. Royal Bank Of Canada lowered shares of easyJet from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Sanford C. Bernstein lowered shares of easyJet from an “outperform” rating to a “market perform” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Citigroup downgraded easyJet from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

About easyJet

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.