Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Drops By 62.9%

Key Points

• Yatra Online, Inc. (NASDAQ:YTRA) experienced a significant 62.9% drop in short interest during September, reducing the total shares sold short from 38,000 to 14,100.
• The company's stock is currently trading at $1.64 with a market capitalization of $101.80 million and an average target price of $3.00 according to analysts.
• Yatra Online has received a "hold" rating from Zacks Research, with one analyst rating it a Buy and another issuing a Hold rating, reflecting a consensus of "Moderate Buy" among analysts.

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 14,100 shares, a drop of 62.9% from the September 15th total of 38,000 shares. Based on an average daily volume of 131,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 131,200 shares, the days-to-cover ratio is currently 0.1 days.

Yatra Online Trading Down 3.5%

Shares of Yatra Online stock opened at $1.64 on Friday. The business has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.07. Yatra Online has a 1 year low of $0.58 and a 1 year high of $2.00. The company has a market capitalization of $101.80 million, a price-to-earnings ratio of 164.16 and a beta of 1.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.99 and a quick ratio of 1.99.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Yatra Online to a "hold" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $3.00.

Yatra Online Company Profile

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers.

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