easyJet plc (OTCMKTS:ESYJY) Stock Short Interest Rises 138.3%

easyJet plc (OTCMKTS:ESYJY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,446 shares, an increase of 138.3% from the September 30th total of 1,866 shares. Based on an average daily trading volume, of 22,723 shares, the days-to-cover ratio is currently 0.2 days.

easyJet Trading Up 0.1%

OTCMKTS:ESYJY opened at $9.05 on Friday. The company has a fifty day moving average of $8.99 and a 200 day moving average of $7.13. easyJet has a 52 week low of $4.57 and a 52 week high of $9.25.

Wall Street Analyst Weigh In

ESYJY has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating on shares of easyJet in a report on Monday, July 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of easyJet in a report on Monday, August 24th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

easyJet Company Profile

easyJet plc is a low-cost airline group headquartered at London Luton Airport in the United Kingdom. The company operates scheduled passenger flights under the easyJet brand, primarily using an Airbus A320-family fleet to connect major airports and regional destinations.

Founded in 1995, easyJet serves a network spanning the United Kingdom, continental Europe and nearby leisure destinations in North Africa and the Middle East. Its airline operations include easyJet UK, easyJet Europe and easyJet Switzerland, which together provide short-haul travel for leisure and business passengers.

In addition to flights, the group operates easyJet holidays, a package-holiday business offering accommodations and travel packages in destinations served by the airline.