Yatra Online, Inc. (NASDAQ:YTRA) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemYatra Online, Inc. (NASDAQ:YTRA – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 39,060 shares, an increase of 71.8% from the March 15th total of 22,734 shares. Based on an average trading volume of 49,319 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company’s stock are short sold.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on YTRA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Yatra Online in a report on Monday, December 29th. Wall Street Zen upgraded Yatra Online to a “hold” rating in a report on Saturday, December 20th. Finally, Zacks Research lowered Yatra Online from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $3.00.
View Our Latest Stock Report on YTRA
Yatra Online Price Performance
Shares of Yatra Online stock opened at $1.05 on Wednesday. The firm has a market cap of $65.40 million, a price-to-earnings ratio of -52.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.02 and a quick ratio of 2.02. Yatra Online has a 52-week low of $0.63 and a 52-week high of $2.00. The stock has a 50-day simple moving average of $1.19 and a 200-day simple moving average of $1.49.
Institutional Investors Weigh In On Yatra Online
Several institutional investors and hedge funds have recently added to or reduced their stakes in YTRA. Virtu Financial LLC acquired a new stake in Yatra Online in the 3rd quarter worth approximately $25,000. Quadrature Capital Ltd acquired a new stake in Yatra Online in the 4th quarter worth approximately $36,000. Corsair Capital Management L.P. acquired a new stake in Yatra Online in the 4th quarter worth approximately $36,000. Jane Street Group LLC acquired a new stake in Yatra Online in the 4th quarter worth approximately $60,000. Finally, XTX Topco Ltd acquired a new stake in Yatra Online in the 4th quarter worth approximately $79,000. 50.97% of the stock is currently owned by institutional investors and hedge funds.
About Yatra Online
Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com.