Yatra Online, Inc. (NASDAQ:YTRA) Sees Large Drop in Short Interest

Yatra Online, Inc. (NASDAQ:YTRA) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 43,950 shares, a decline of 44.1% from the June 15th total of 78,628 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 44,183 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

Several research analysts have recently commented on YTRA shares. Weiss Ratings restated a “sell (e+)” rating on shares of Yatra Online in a research report on Wednesday, June 24th. Zacks Research upgraded Yatra Online from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Yatra Online has an average rating of “Reduce”.

Yatra Online Stock Performance

Shares of YTRA stock opened at $0.90 on Thursday. Yatra Online has a 1 year low of $0.72 and a 1 year high of $2.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.02 and a current ratio of 2.23. The firm has a market cap of $56.06 million, a price-to-earnings ratio of -22.50 and a beta of 0.71. The stock’s 50-day moving average is $0.91 and its two-hundred day moving average is $1.19.

Institutional Trading of Yatra Online

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Yatra Online during the 3rd quarter worth about $25,000. Corsair Capital Management L.P. acquired a new stake in Yatra Online during the fourth quarter valued at approximately $36,000. Quadrature Capital Ltd acquired a new stake in Yatra Online during the fourth quarter worth about $36,000. Jane Street Group LLC bought a new position in Yatra Online during the 4th quarter worth $60,000. Finally, XTX Topco Ltd acquired a new position in Yatra Online during the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 50.97% of the company’s stock.

Yatra Online Company Profile

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.