Short Interest in easyjet PLC (OTCMKTS:EJTTF) Expands By 87.4%

easyjet PLC (OTCMKTS:EJTTF) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 444,469 shares, an increase of 87.4% from the March 15th total of 237,142 shares. Based on an average daily volume of 1,446 shares, the short-interest ratio is currently 307.4 days. Currently, 0.1% of the shares of the stock are sold short.

easyjet Price Performance

EJTTF stock opened at $4.59 on Monday. easyjet has a 12 month low of $4.59 and a 12 month high of $8.44. The firm has a 50 day simple moving average of $5.70 and a 200 day simple moving average of $6.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.11 and a quick ratio of 1.11.

About easyjet

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.