Yatra Online, Inc. (NASDAQ:YTRA) Short Interest Down 62.7% in July

Key Points

• Yatra Online, Inc. experienced a significant decrease in short interest, dropping by 62.7% in July, with only 10,000 shares shorted as of July 31st.
• The company recently reported (0.01) EPS, missing the consensus estimate of $0.03, with revenue of $25.66 million for the quarter.
• Hedge funds own 50.97% of Yatra Online, indicating strong institutional interest, with Millennium Management LLC acquiring a new position valued at approximately $25,000.

Yatra Online, Inc. (NASDAQ:YTRA - Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,000 shares, adropof62.7% from the July 15th total of 26,800 shares. Based on an average daily trading volume, of 74,200 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the company's shares are short sold. Currently,0.0% of the company's shares are short sold. Based on an average daily trading volume, of 74,200 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on YTRA shares. HC Wainwright reiterated a "buy" rating and issued a $3.00 price objective on shares of Yatra Online in a report on Tuesday, June 3rd. Zacks Research upgraded Yatra Online to a "hold" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $3.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yatra Online stock. Millennium Management LLC bought a new position in Yatra Online, Inc. (NASDAQ:YTRA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 19,639 shares of the technology company's stock, valued at approximately $25,000. Hedge funds and other institutional investors own 50.97% of the company's stock.

Yatra Online Stock Up 1.4%

Shares of NASDAQ:YTRA traded up $0.02 during trading on Wednesday, hitting $1.42. The stock had a trading volume of 186,548 shares, compared to its average volume of 155,979. Yatra Online has a 12 month low of $0.58 and a 12 month high of $1.75. The company has a market capitalization of $88.15 million, a PE ratio of 142.14 and a beta of 1.05. The firm's fifty day moving average is $1.00 and its 200 day moving average is $0.90. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.03.

Yatra Online (NASDAQ:YTRA - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Yatra Online had a return on equity of 0.36% and a net margin of 0.31%.The firm had revenue of $25.66 million during the quarter, compared to the consensus estimate of $2.26 billion. Analysts anticipate that Yatra Online will post 0.04 EPS for the current fiscal year.

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.