easyJet plc (OTCMKTS:EJTTF) Short Interest Down 70.7% in May

easyJet plc (OTCMKTS:EJTTF - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 8,400 shares, a decrease of 70.7% from the May 15th total of 28,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 84.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised easyJet from a "hold" rating to a "moderate buy" rating in a report on Tuesday, June 3rd.

easyJet Stock Performance

easyJet stock remained flat at $8.44 during trading on Monday. easyJet has a 1-year low of $4.98 and a 1-year high of $8.44. The stock has a 50 day moving average of $7.07 and a 200 day moving average of $6.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02.

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.