Short Interest in Ryanair Holdings plc (NASDAQ:RYAAY) Drops By 12.7%

Ryanair Holdings plc (NASDAQ:RYAAY - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,980,000 shares, a drop of 12.7% from the April 30th total of 4,560,000 shares. Based on an average trading volume of 1,800,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.7% of the shares of the stock are sold short.

Ryanair Stock Up 2.3%

Shares of NASDAQ:RYAAY traded up $1.31 during trading on Friday, reaching $57.18. The stock had a trading volume of 954,012 shares, compared to its average volume of 1,671,615. Ryanair has a one year low of $36.96 and a one year high of $57.32. The company has a market capitalization of $30.42 billion, a P/E ratio of 17.53, a PEG ratio of 2.01 and a beta of 1.38. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm's 50-day simple moving average is $49.03 and its 200 day simple moving average is $46.54.

Institutional Trading of Ryanair

A number of institutional investors have recently bought and sold shares of RYAAY. Avantax Advisory Services Inc. raised its position in Ryanair by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company's stock worth $343,000 after buying an additional 206 shares during the last quarter. Vident Advisory LLC raised its position in Ryanair by 2.4% during the 4th quarter. Vident Advisory LLC now owns 10,006 shares of the transportation company's stock worth $436,000 after buying an additional 230 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Ryanair by 32.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock worth $42,000 after buying an additional 236 shares during the last quarter. SG Americas Securities LLC raised its position in Ryanair by 0.3% during the 1st quarter. SG Americas Securities LLC now owns 85,781 shares of the transportation company's stock worth $3,635,000 after buying an additional 240 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Ryanair by 8.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company's stock valued at $147,000 after purchasing an additional 259 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RYAAY shares. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Wall Street Zen lowered Ryanair from a "buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Ryanair has a consensus rating of "Moderate Buy" and a consensus target price of $147.00.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.