Short Interest in easyjet PLC (OTCMKTS:EJTTF) Rises By 49.1%

Key Points

• Short interest in easyJet PLC rose by 49.1% in August, totaling 109,300 shares compared to 73,300 shares at the end of July.
• The current short-interest ratio for easyJet is 1,093.0 days, indicating a significant period before short positions can be covered based on the average trading volume.
• Royal Bank of Canada upgraded easyJet's rating from "hold" to "moderate buy", indicating positive sentiment from analysts regarding the stock's future performance.

easyjet PLC (OTCMKTS:EJTTF - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 109,300 shares, anincreaseof49.1% from the July 31st total of 73,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,093.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,093.0 days.

easyjet Stock Performance

Shares of EJTTF opened at $6.88 on Friday. easyjet has a twelve month low of $4.98 and a twelve month high of $8.44. The firm's fifty day simple moving average is $6.86 and its 200-day simple moving average is $6.79.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of easyjet from a "hold" rating to a "moderate buy" rating in a research 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.

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