easyJet plc (OTCMKTS:ESYJY) Sees Significant Increase in Short Interest

easyJet plc (OTCMKTS:ESYJY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 27,279 shares, a growth of 758.9% from the July 15th total of 3,176 shares. Based on an average daily volume of 45,403 shares, the short-interest ratio is presently 0.6 days.

easyJet Price Performance

Shares of OTCMKTS:ESYJY traded down $0.02 during trading on Tuesday, reaching $9.08. 839 shares of the company’s stock traded hands, compared to its average volume of 24,505. easyJet has a 12 month low of $4.57 and a 12 month high of $9.17. The company has a 50 day moving average of $7.81 and a 200-day moving average of $6.37.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. Royal Bank Of Canada lowered easyJet from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 30th. Barclays reiterated an “overweight” rating on shares of easyJet in a report on Monday, June 15th. UBS Group lowered easyJet to a “neutral” rating in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About easyJet

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.