Yatra Online, Inc. (NASDAQ:YTRA) Stock Short Interest Declines 52.0%

Key Points

• Short interest fell 52% to 12,411 shares as of October 15, down from 25,830 shares on September 30. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.6 days.
• Yatra Online shares opened at $0.83, near the lower end of their $0.72–$1.97 one-year range. The company reported quarterly revenue of $19.80 million and earnings of $0.01 per share, while maintaining negative net margin and return on equity.
• Altai Capital Management acquired 3.25 million shares, worth approximately $3.1 million, giving it a 5.08% stake. Institutional investors and hedge funds collectively own 50.97% of Yatra Online.

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 12,411 shares, a drop of 52.0% from the September 30th total of 25,830 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 19,769 shares, the short-interest ratio is currently 0.6 days.

Yatra Online Stock Performance

NASDAQ:YTRA opened at $0.83 on Friday. Yatra Online has a 1-year low of $0.72 and a 1-year high of $1.97. The stock has a market cap of $52.91 million, a P/E ratio of -20.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a 50-day moving average of $0.97 and a two-hundred day moving average of $1.06.

Yatra Online (NASDAQ:YTRA - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter. Yatra Online had a negative return on equity of 2.32% and a negative net margin of 1.88%. The business had revenue of $19.80 million during the quarter.

Institutional Trading of Yatra Online

An institutional investor recently bought a new position in Yatra Online stock. Altai Capital Management L.P. acquired a new stake in shares of Yatra Online, Inc. (NASDAQ:YTRA - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,252,708 shares of the technology company's stock, valued at approximately $3,065,000. Yatra Online makes up about 6.2% of Altai Capital Management L.P.'s holdings, making the stock its 4th biggest position. Altai Capital Management L.P. owned 5.08% of Yatra Online at the end of the most recent quarter. 50.97% of the stock is owned by institutional investors and hedge funds.

Yatra Online Company Profile

Yatra Online, Inc is an India-focused online travel company that operates the Yatra platform. Through its website and mobile application, the company enables customers to research, compare and book air tickets, hotels, holiday packages, buses, trains, activities and other travel-related services.

The company serves individual travelers as well as corporate customers. Its corporate travel offering, Yatra for Business, provides travel booking and management services for organizations, while its consumer platform offers travel products in India and access to international destinations through airline, hotel and other travel suppliers.

Yatra was founded in 2006 by Dhruv Shringi, Manish Amin and Sabina Chopra and is headquartered in Gurugram, India.

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