easyJet plc (OTCMKTS:ESYJY) Stock Short Interest Rises 127.6%

easyJet plc (OTCMKTS:ESYJY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,866 shares, a growth of 127.6% from the September 15th total of 820 shares. Based on an average trading volume of 17,717 shares, the short-interest ratio is presently 0.1 days.

easyJet Price Performance

OTCMKTS:ESYJY traded up $0.17 during mid-day trading on Thursday, reaching $8.98. 366 shares of the company’s stock were exchanged, compared to its average volume of 21,950. easyJet has a one year low of $4.57 and a one year high of $9.25. The business’s fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $7.32.

Analysts Set New Price Targets

Several research firms have recently commented on ESYJY. Citigroup reaffirmed a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of easyJet in a report on Monday, August 24th. UBS Group cut easyJet to a “neutral” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley restated an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, easyJet has an average rating of “Reduce”.

easyJet Company Profile

easyJet plc is a United Kingdom-based low-cost airline group that operates scheduled short-haul passenger flights. The company serves leisure and business travelers through a network connecting airports in the United Kingdom and continental Europe with destinations in countries including France, Spain, Italy, Portugal, Greece, Switzerland, and the Netherlands, as well as selected locations in North Africa and the Middle East.

In addition to its airline operations, easyJet offers ancillary travel services such as seat selection, baggage options, onboard products, and car-hire and accommodation arrangements.