Jet2 plc (OTCMKTS:DRTGF) Short Interest Down 98.9% in July

Jet2 plc (OTCMKTS:DRTGF) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 1,699 shares, a drop of 98.9% from the July 15th total of 151,799 shares. Based on an average trading volume of 3,895 shares, the days-to-cover ratio is currently 0.4 days.

Jet2 Price Performance

Shares of OTCMKTS DRTGF opened at $20.79 on Wednesday. Jet2 has a twelve month low of $14.07 and a twelve month high of $22.52. The business’s 50 day moving average price is $18.79 and its two-hundred day moving average price is $16.90.

Analyst Ratings Changes

DRTGF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Jet2 in a research note on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Jet2 in a research note on Thursday, July 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Jet2

Jet2 plc, trading on the OTC Markets under the symbol DRTGF, is a UK-based leisure airline and holiday provider. Through its subsidiaries Jet2.com and Jet2holidays, the company operates scheduled low-cost flights and packages to popular holiday destinations across Europe. The group serves leisure travelers primarily from the United Kingdom, offering one-way and return flights alongside tailored package deals that combine flights, accommodation, transfers, and additional services.

The core of Jet2’s operations is its scheduled passenger airline, Jet2.com, which flies from more than a dozen UK airports including Birmingham, Manchester and London Stansted.