Short Interest in easyJet plc (OTCMKTS:ESYJY) Drops By 65.1%

easyJet plc (OTCMKTS:ESYJYGet Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 30,055 shares, a decrease of 65.1% from the May 31st total of 86,049 shares. Based on an average daily trading volume, of 92,841 shares, the days-to-cover ratio is currently 0.3 days.

easyJet Stock Performance

Shares of ESYJY stock traded up $0.18 on Friday, reaching $7.75. The stock had a trading volume of 30,455 shares, compared to its average volume of 22,257. easyJet has a 1 year low of $4.57 and a 1 year high of $7.75. The company has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $5.98.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ESYJY shares. Barclays restated an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Morgan Stanley reissued an “underweight” rating on shares of easyJet in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Sanford C. Bernstein downgraded easyJet from an “outperform” rating to a “market perform” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of easyJet in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Report 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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