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Shares of JetBlue Airways Corp. (NASDAQ:JBLU) were the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 44,070,749 shares, a decrease of 6.7% from the April 30th total of 47,233,982 shares, StockRatingsNetwork reports. Approximately 17.8% of the shares of the stock are short sold. Based on an average trading volume of 7,819,518 shares, the days-to-cover ratio is currently 5.6 days.

A number of research firms have recently commented on JBLU. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.94.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 9.82 on Tuesday. JetBlue Airways Corp. has a 52 week low of $5.95 and a 52 week high of $9.85. The stock’s 50-day moving average is $8.63 and its 200-day moving average is $8.70. The company has a market cap of $2.914 billion and a P/E ratio of 19.96.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.05 earnings per share. JetBlue Airways Corp.’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that JetBlue Airways Corp. will post $0.68 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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