Yatra Online, Inc. (NASDAQ:YTRA) Short Interest Up 26.1% in August

Key Points

• Yatra Online, Inc. experienced a significant increase in short interest, rising by 26.1% to 68,100 shares as of August 31st.
• Equities analysts currently have a consensus rating of "Moderate Buy" for Yatra Online, with a price target of $3.00 according to recent reports.
• Institutional ownership stands at 50.97%, with a recent acquisition of 19,639 shares by Millennium Management LLC valued at approximately $25,000.

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 68,100 shares, a growth of 26.1% from the August 15th total of 54,000 shares. Based on an average trading volume of 85,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 85,400 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $3.00 price target on shares of Yatra Online in a research report on Tuesday, June 3rd. Zacks Research upgraded Yatra Online to a "hold" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Yatra Online presently has a consensus rating of "Moderate Buy" and an average price target of $3.00.

Yatra Online Stock Performance

Yatra Online stock traded up $0.01 during trading hours on Friday, hitting $1.55. 29,921 shares of the stock traded hands, compared to its average volume of 80,276. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.99 and a quick ratio of 1.99. The firm's 50 day moving average price is $1.22 and its 200-day moving average price is $0.97. The stock has a market capitalization of $96.22 million, a price-to-earnings ratio of 155.16 and a beta of 1.14. Yatra Online has a 1 year low of $0.58 and a 1 year high of $1.75.

Institutional Investors Weigh In On Yatra Online

An institutional investor recently bought a new position in Yatra Online stock. Millennium Management LLC bought a new stake in Yatra Online, Inc. (NASDAQ:YTRA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,639 shares of the technology company's stock, valued at approximately $25,000. 50.97% of the stock is currently owned by institutional investors.

About Yatra Online

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.