Short Interest in JetBlue Airways Corp. Grows By 3.5% (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 49,855,277 shares, a growth of 3.5% from the March 31st total of 48,179,393 shares, AmericanBankingNews.com reports. Currently, 20.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,549,686 shares, the days-to-cover ratio is presently 7.6 days.
A number of research firms have recently commented on JBLU. Analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. Separately, analysts at Goldman Sachs upgraded shares of JetBlue Airways Corp. from a “sell” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $10.50 price target on the stock, up previously from $8.20. Finally, analysts at Zacks reiterated an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Thursday, March 13th. They now have a $10.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.89.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 7.905 on Thursday. JetBlue Airways Corp. has a 52-week low of $5.95 and a 52-week high of $9.45. The stock has a 50-day moving average of $8.56 and a 200-day moving average of $8.47. The company has a market cap of $2.337 billion and a P/E ratio of 16.09.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings data on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that JetBlue Airways Corp. will post $0.69 EPS for the current fiscal year.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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