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

easyJet plc (OTCMKTS:ESYJY) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 820 shares, a growth of 172.4% from the August 31st total of 301 shares. Based on an average daily trading volume, of 16,512 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

ESYJY has been the subject of several research analyst reports. Morgan Stanley restated an “underweight” rating on shares of easyJet in a report on Wednesday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of easyJet in a report on Monday, August 24th. UBS Group lowered easyJet to a “neutral” rating in a research report on Tuesday, June 30th. Citigroup restated a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. Finally, Barclays restated an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, easyJet currently has a consensus rating of “Reduce”.

easyJet Stock Performance

Shares of easyJet stock opened at $8.93 on Tuesday. The company has a 50-day moving average of $8.86 and a 200 day moving average of $6.99. easyJet has a 1 year low of $4.57 and a 1 year high of $9.25.

About easyJet

easyJet plc is a British low-cost airline group headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, connecting airports across the United Kingdom and Europe with destinations in the Mediterranean, North Africa and the Middle East. Its services emphasize affordable fares, point-to-point routes and a range of optional travel services.

Founded in 1995 by entrepreneur Sir Stelios Haji-Ioannou, easyJet began operations with flights from London Luton to Glasgow and Edinburgh.