Short Interest in JetBlue Airways Corp. Grows By 13.2% (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) was the recipient of a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 49,881,038 shares, an increase of 13.2% from the May 15th total of 44,070,749 shares, American Banking and Market News reports. Based on an average daily volume of 6,249,823 shares, the days-to-cover ratio is currently 8.0 days. Currently, 20.2% of the shares of the stock are short sold.
In other JetBlue Airways Corp. news, COO Robert Alan Maruster sold 82,824 shares of JetBlue Airways Corp. stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $10.05, for a total value of $832,381.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on JBLU shares. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. 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 analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. JetBlue Airways Corp. has a consensus rating of “Hold” and a consensus price target of $9.94.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 9.94 on Friday. JetBlue Airways Corp. has a 52-week low of $5.95 and a 52-week high of $10.63. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $8.79. The company has a market cap of $2.950 billion and a price-to-earnings ratio of 21.55.
JetBlue Airways Corp. (NASDAQ:JBLU) last announced its earnings results 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. On average, analysts predict that JetBlue Airways Corp. will post $0.68 earnings per share 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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