Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Declines By 82.9%

Yatra Online, Inc. (NASDAQ:YTRA) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 7,165 shares, a drop of 82.9% from the April 30th total of 41,970 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,812 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Yatra Online

Hedge funds and other institutional investors have recently made changes to their positions in the business. Simcoe Capital LLC purchased a new stake in shares of Yatra Online in the fourth quarter valued at $4,604,000. Acuitas Investments LLC grew its position in shares of Yatra Online by 10.4% in the third quarter. Acuitas Investments LLC now owns 2,671,484 shares of the technology company’s stock valued at $3,740,000 after purchasing an additional 252,141 shares during the period. XTX Topco Ltd purchased a new stake in shares of Yatra Online in the fourth quarter valued at $79,000. Osaic Holdings Inc. grew its position in shares of Yatra Online by 22,610.3% in the fourth quarter. Osaic Holdings Inc. now owns 177,140 shares of the technology company’s stock valued at $315,000 after purchasing an additional 176,360 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Yatra Online by 103.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 52,016 shares of the technology company’s stock valued at $93,000 after purchasing an additional 26,510 shares during the period. Hedge funds and other institutional investors own 50.97% of the company’s stock.

Yatra Online Price Performance

Shares of NASDAQ:YTRA opened at $0.88 on Thursday. The company has a market cap of $55.03 million, a P/E ratio of -22.09 and a beta of 0.74. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.03. Yatra Online has a 52 week low of $0.86 and a 52 week high of $2.00. The business has a fifty day simple moving average of $1.02 and a 200-day simple moving average of $1.38.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Yatra Online from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.00.

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.