easyjet PLC (OTCMKTS:EJTTF) Sees Large Drop in Short Interest

easyjet PLC (OTCMKTS:EJTTF) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 55,639 shares, a decline of 74.0% from the November 30th total of 214,118 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised easyjet from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

easyjet Stock Performance

Shares of easyjet stock remained flat at $6.90 during trading on Friday. easyjet has a 1-year low of $4.98 and a 1-year high of $8.44. The firm’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $6.61.

About easyjet

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.