Short Interest in easyjet PLC (OTCMKTS:EJTTF) Increases By 53.0%

Key Points

• easyJet PLC experienced a significant increase in short interest of 53.0% in July, raising the total to approximately 73,300 shares as of July 31st.
• The company's stock price remained steady at $6.88, with a 12-month range between $4.98 and $8.44.
• Royal Bank of Canada upgraded easyJet from a "hold" rating to a "moderate buy" rating on June 3rd.

easyjet PLC (OTCMKTS:EJTTF - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 73,300 shares, agrowthof53.0% from the July 15th total of 47,900 shares. Approximately0.0% of the company's stock are short sold. Based on an average trading volume of 200 shares, the short-interest ratio is currently 366.5 days. Based on an average trading volume of 200 shares, the short-interest ratio is currently 366.5 days. Approximately0.0% of the company's stock are short sold.

easyjet Price Performance

EJTTF stock remained flat at $6.88 during trading on Friday. 200 shares of the company traded hands, compared to its average volume of 60. The firm has a fifty day moving average price of $6.89 and a 200 day moving average price of $6.76. easyjet has a 1-year low of $4.98 and a 1-year high of $8.44.

Wall Street Analysts Forecast Growth

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

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.