Short Interest in easyJet plc (OTCMKTS:ESYJY) Drops By 65.4%

easyJet plc (OTCMKTS:ESYJYGet Free Report) was the target 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 trading volume, of 50,273 shares, the short-interest ratio is presently 0.2 days.

easyJet Price Performance

Shares of ESYJY stock opened at $9.00 on Monday. easyJet has a 1 year low of $4.57 and a 1 year high of $9.07. The firm has a fifty day moving average price of $6.27 and a 200-day moving average price of $6.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Citigroup cut easyJet from a “buy” rating to a “neutral” rating in a research report on Monday, June 29th. UBS Group downgraded easyJet to a “neutral” rating in a report on Tuesday, June 30th. Morgan Stanley reissued an “underweight” rating on shares of easyJet in a research report on Wednesday, June 24th. Finally, Barclays restated an “overweight” rating on shares of easyJet in a research note on Monday, June 15th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, easyJet has an average rating of “Reduce”.

View Our Latest Stock Analysis on ESYJY

easyJet Company Profile

(Get Free Report)

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.

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