easyJet plc (OTCMKTS:ESYJY) Short Interest Down 21.2% in May

easyJet plc (OTCMKTS:ESYJY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 7,800 shares, a drop of 21.2% from the April 30th total of 9,900 shares. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

ESYJY has been the topic of several research analyst reports. Barclays reissued an “overweight” rating on shares of easyJet in a report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating on shares of easyJet in a research note on Friday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of easyJet from a “buy” rating to a “hold” rating in a report on Thursday, March 27th.

easyJet Stock Performance

OTCMKTS:ESYJY traded up $0.12 during trading hours on Tuesday, reaching $7.98. The stock had a trading volume of 49,115 shares, compared to its average volume of 14,314. easyJet has a 52 week low of $5.19 and a 52 week high of $7.98. The company has a 50 day moving average price of $6.66 and a two-hundred day moving average price of $6.61.

easyJet Company Profile

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.