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 significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,000 shares, adeclineof62.7% from the July 15th total of 26,800 shares. Based on an average daily trading volume, of 74,200 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the company's stock are sold short. Approximately0.0% of the company's stock are sold short. Based on an average daily trading volume, of 74,200 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of analysts have recently 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 research note on Tuesday, June 3rd. Zacks Research upgraded shares of Yatra Online to a "hold" rating in a report on Friday, August 8th.

Institutional Trading of Yatra Online

A hedge fund recently bought a new stake in Yatra Online stock. Millennium Management LLC purchased a new stake in Yatra Online, Inc. (NASDAQ:YTRA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,639 shares of the technology company's stock, valued at approximately $25,000. 50.97% of the stock is owned by hedge funds and other institutional investors.

Yatra Online Stock Up 3.6%

Shares of YTRA traded up $0.05 during mid-day trading on Friday, reaching $1.30. 181,920 shares of the stock traded hands, compared to its average volume of 139,378. The firm has a market cap of $80.70 million, a price-to-earnings ratio of 130.13 and a beta of 1.05. The stock has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $0.89. 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 has a 12-month low of $0.58 and a 12-month high of $1.75.

Yatra Online (NASDAQ:YTRA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported ($0.01) 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 business had revenue of $25.66 million during the quarter, compared to the consensus estimate of $2.26 billion. Sell-side analysts expect 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.