easyjet PLC (OTCMKTS:EJTTF) Short Interest Down 74.0% in December

easyjet PLC (OTCMKTS:EJTTF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 55,639 shares, a decline of 74.0% from the November 30th total of 214,118 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Approximately 0.0% of the shares of the stock are short sold.

easyjet Stock Performance

Shares of EJTTF stock remained flat at $6.90 during trading on Friday. easyjet has a 12 month low of $4.98 and a 12 month high of $8.44. The company has a 50-day moving average price of $6.34 and a 200-day moving average price of $6.61.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded easyjet from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, easyjet currently has an average rating of “Strong Buy”.

easyjet Company Profile

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.