Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Declines By 82.9%

Yatra Online, Inc. (NASDAQ:YTRA) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 7,165 shares, a decline of 82.9% from the April 30th total of 41,970 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 28,812 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acuitas Investments LLC lifted its stake in shares of Yatra Online by 10.4% during the third quarter. Acuitas Investments LLC now owns 2,671,484 shares of the technology company’s stock worth $3,740,000 after purchasing an additional 252,141 shares in the last quarter. Simcoe Capital LLC acquired a new position in shares of Yatra Online during the fourth quarter worth about $4,604,000. Osaic Holdings Inc. lifted its stake in shares of Yatra Online by 22,610.3% during the fourth quarter. Osaic Holdings Inc. now owns 177,140 shares of the technology company’s stock worth $315,000 after purchasing an additional 176,360 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Yatra Online by 103.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 52,016 shares of the technology company’s stock worth $93,000 after purchasing an additional 26,510 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Yatra Online during the fourth quarter worth about $79,000. Institutional investors and hedge funds own 50.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Yatra Online from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.00.

Yatra Online Price Performance

Shares of Yatra Online stock opened at $0.88 on Thursday. Yatra Online has a twelve month low of $0.86 and a twelve month high of $2.00. The stock has a market capitalization of $55.03 million, a P/E ratio of -22.09 and a beta of 0.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $1.02 and its 200 day moving average price is $1.38.

About Yatra Online

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.