Short Interest in Ryanair Holdings plc (NASDAQ:RYAAY) Drops By 31.2%

Ryanair Holdings plc (NASDAQ:RYAAY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,120,000 shares, a decrease of 31.2% from the March 15th total of 7,440,000 shares. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is presently 2.9 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RYAAY. National Bank of Canada FI boosted its stake in shares of Ryanair by 198.6% during the 4th quarter. National Bank of Canada FI now owns 657 shares of the transportation company’s stock worth $29,000 after acquiring an additional 437 shares during the period. R Squared Ltd acquired a new position in Ryanair in the fourth quarter valued at $42,000. EverSource Wealth Advisors LLC increased its position in Ryanair by 32.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company’s stock valued at $42,000 after buying an additional 236 shares in the last quarter. Redwood Park Advisors LLC bought a new position in shares of Ryanair in the fourth quarter valued at approximately $43,000. Finally, Pinnacle Bancorp Inc. grew its position in Ryanair by 150.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company’s stock valued at $47,000 after buying an additional 645 shares during the period. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded up $0.50 during midday trading on Friday, reaching $45.68. 981,087 shares of the company traded hands, compared to its average volume of 1,661,318. The stock has a 50-day moving average price of $45.23 and a 200 day moving average price of $44.84. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.01 and a beta of 1.41. Ryanair has a 52 week low of $36.96 and a 52 week high of $57.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. Sell-side analysts anticipate that Ryanair will post 3.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RYAAY. Deutsche Bank Aktiengesellschaft raised Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. StockNews.com lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $147.00.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.