Jet2 plc (OTCMKTS:DRTGF) Short Interest Down 60.6% in July

Jet2 plc (OTCMKTS:DRTGF) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 151,799 shares, a drop of 60.6% from the June 30th total of 385,115 shares. Based on an average daily trading volume, of 994 shares, the days-to-cover ratio is presently 152.7 days.

Jet2 Price Performance

OTCMKTS:DRTGF opened at $19.32 on Wednesday. Jet2 has a 52 week low of $14.07 and a 52 week high of $22.68. The firm has a 50 day moving average of $17.68 and a 200 day moving average of $16.70.

Wall Street Analysts Forecast Growth

DRTGF has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Jet2 in a research note on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Jet2 in a research report on Thursday, July 9th. One equities 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, Jet2 currently has an average 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.