easyJet plc (OTCMKTS:ESYJY) Short Interest Update

easyJet plc (OTCMKTS:ESYJY) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 10,413 shares, a decline of 65.4% from the June 15th total of 30,055 shares. Based on an average daily volume of 50,273 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Citigroup cut shares of easyJet from a “buy” rating to a “neutral” rating in a report on Monday, June 29th. Sanford C. Bernstein downgraded shares of easyJet from an “outperform” rating to a “market perform” rating in a research note on Monday, April 13th. UBS Group cut shares of easyJet to a “neutral” rating in a report on Tuesday, June 30th. Finally, Barclays reissued an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

easyJet Price Performance

Shares of OTCMKTS:ESYJY opened at $9.00 on Monday. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.07. The business has a 50-day simple moving average of $6.27 and a two-hundred day simple moving average of $6.06.

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.