Short Interest in Ryanair Holdings PLC (NASDAQ:RYAAY) Declines By 20.5%

Ryanair Holdings PLC (NASDAQ:RYAAY) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,729,227 shares, a drop of 20.5% from the March 31st total of 2,175,860 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 1,284,112 shares, the short-interest ratio is currently 1.3 days.

Analyst Ratings Changes

Several analysts have issued reports on RYAAY shares. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ryanair has a consensus rating of “Moderate Buy” and an average price target of $75.67.

Institutional Trading of Ryanair

Several institutional investors have recently made changes to their positions in RYAAY. Capital International Investors lifted its holdings in Ryanair by 6.6% during the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock valued at $2,884,834,000 after purchasing an additional 2,464,742 shares during the last quarter. Capital World Investors lifted its holdings in Ryanair by 1.0% during the 4th quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock valued at $2,241,612,000 after purchasing an additional 312,323 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ryanair by 15.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after purchasing an additional 985,939 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Ryanair by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 5,567,154 shares of the transportation company’s stock valued at $401,892,000 after purchasing an additional 117,639 shares during the last quarter. Finally, Metropolis Capital Ltd lifted its holdings in Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after purchasing an additional 385,444 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of Ryanair stock opened at $54.47 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50-day simple moving average is $60.95 and its 200-day simple moving average is $64.96. Ryanair has a twelve month low of $49.39 and a twelve month high of $74.24. The firm has a market cap of $28.43 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 0.55 and a beta of 1.26.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.