Short Interest in Jet2 plc (OTCMKTS:DRTGF) Drops By 88.7%
by Danessa Lincoln · The Markets DailyJet2 plc (OTCMKTS:DRTGF – Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 3,399 shares, a drop of 88.7% from the November 30th total of 30,143 shares. Based on an average daily trading volume, of 6,358 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 6,358 shares, the short-interest ratio is currently 0.5 days.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Jet2 in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.
Read Our Latest Analysis on Jet2
Jet2 Stock Performance
OTCMKTS:DRTGF remained flat at $18.54 during trading hours on Wednesday. Jet2 has a twelve month low of $16.75 and a twelve month high of $25.32. The firm’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $20.38.
About Jet2
Jet2 plc, trading on the OTC Markets under the symbol DRTGF, is a UK-based leisure airline and holiday provider. Through its subsidiaries Jet2.com and Jet2holidays, the company operates scheduled low-cost flights and packages to popular holiday destinations across Europe. The group serves leisure travelers primarily from the United Kingdom, offering one-way and return flights alongside tailored package deals that combine flights, accommodation, transfers, and additional services.
The core of Jet2’s operations is its scheduled passenger airline, Jet2.com, which flies from more than a dozen UK airports including Birmingham, Manchester and London Stansted.