easyJet plc (OTCMKTS:ESYJY) Short Interest Up 79.5% in May

easyJet plc (OTCMKTS:ESYJY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 86,049 shares, an increase of 79.5% from the May 14th total of 47,928 shares. Based on an average trading volume of 79,100 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on ESYJY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of easyJet in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein downgraded easyJet from an “outperform” rating to a “market perform” rating in a research report on Monday, April 13th. Finally, Barclays restated an “overweight” rating on shares of easyJet in a research report on Monday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

easyJet Stock Performance

OTCMKTS:ESYJY opened at $6.85 on Wednesday. The business has a 50 day moving average of $5.43 and a 200 day moving average of $5.95. easyJet has a 1-year low of $4.57 and a 1-year high of $7.42.

easyJet Company Profile

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.