Yatra Online, Inc. (NASDAQ:YTRA) Stock Short Interest Jumps 56.0%

Key Points

• Yatra Online’s short interest rose 56% to 35,499 shares as of September 15, representing 0.1% of shares outstanding and a short-interest ratio of 0.6 days.
• Altai Capital Management acquired 3.25 million shares, worth approximately $3.1 million, giving it a 5.08% stake; institutional investors collectively own 50.97% of the company.
• Analyst sentiment remains cautious, with one Hold and one Sell rating for an average “Reduce” recommendation. Yatra shares opened at $0.94, while the company reported $19.8 million in quarterly revenue and $0.01 EPS.

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 35,499 shares, a growth of 56.0% from the August 31st total of 22,752 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 55,017 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Yatra Online

A hedge fund recently bought a new position in Yatra Online stock. Altai Capital Management L.P. bought a new position in Yatra Online, Inc. (NASDAQ:YTRA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,252,708 shares of the technology company's stock, valued at approximately $3,065,000. Yatra Online makes up approximately 6.2% of Altai Capital Management L.P.'s investment portfolio, making the stock its 4th largest holding. Altai Capital Management L.P. owned about 5.08% of Yatra Online as of its most recent SEC filing. Hedge funds and other institutional investors own 50.97% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Yatra Online in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

Yatra Online Stock Down 1.0%

NASDAQ:YTRA opened at $0.94 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $60.28 million, a P/E ratio of -23.55 and a beta of 0.76. Yatra Online has a fifty-two week low of $0.72 and a fifty-two week high of $2.00. The firm has a 50-day simple moving average of $0.96 and a two-hundred day simple moving average of $0.96.

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

Yatra Online Company Profile

Yatra Online, Inc is an online travel company that operates the Yatra brand, a digital travel marketplace serving consumers and businesses primarily in India. Through its website and mobile platforms, the company enables customers to search for, compare and book travel products and related services.

Yatra's offerings include domestic and international air tickets, hotel and accommodation reservations, holiday packages, rail and bus tickets, activities, and other travel services. The company also provides corporate travel management services through Yatra for Business, supporting organizations with business-trip booking and travel-related solutions.

Founded in 2006, Yatra has developed a presence across India's consumer and corporate travel markets and provides access to travel options in India and international destinations.

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