Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Grows By 71.8%

Key Points

• Short interest jumped 71.8% to 39,060 shares as of March 31, representing about 0.1% of shares and a short-interest ratio of 0.8 days based on average daily volume.
• The stock trades around $1.08 with a market cap of $67.3M and a negative P/E (‑54); analysts' consensus is a "Reduce" rating with a $3.00 target following recent downgrades to "strong sell" and "sell".

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 39,060 shares, an increase of 71.8% from the March 15th total of 22,734 shares. Based on an average daily trading volume, of 49,319 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company's stock are sold short.

Yatra Online Price Performance

YTRA opened at $1.08 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.02 and a quick ratio of 2.02. The business has a 50 day simple moving average of $1.21 and a 200-day simple moving average of $1.50. The stock has a market capitalization of $67.27 million, a P/E ratio of -54.00 and a beta of 0.81. Yatra Online has a 12 month low of $0.62 and a 12 month high of $2.00.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research cut Yatra Online from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. Wall Street Zen raised Yatra Online to a "hold" rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Yatra Online in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $3.00.

Institutional Trading of Yatra Online

Several hedge funds have recently modified their holdings of YTRA. Virtu Financial LLC acquired a new stake in shares of Yatra Online in the 3rd quarter valued at approximately $25,000. Quadrature Capital Ltd acquired a new stake in shares of Yatra Online in the fourth quarter valued at about $36,000. Corsair Capital Management L.P. acquired a new stake in shares of Yatra Online in the fourth quarter valued at about $36,000. Jane Street Group LLC acquired a new stake in shares of Yatra Online in the fourth quarter valued at about $60,000. Finally, XTX Topco Ltd acquired a new stake in shares of Yatra Online in the fourth quarter valued at about $79,000. 50.97% of the stock is owned by institutional investors and hedge funds.

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. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.

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