Yatra Online, Inc. (NASDAQ:YTRA – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 23,600 shares, a drop of 50.5% from the August 15th total of 47,700 shares. Based on an average daily volume of 166,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Yatra Online in a research note on Tuesday, September 3rd.
Yatra Online Stock Up 1.6 %
Yatra Online (NASDAQ:YTRA – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $12.61 million for the quarter, compared to analyst estimates of $18.72 million. Yatra Online had a negative net margin of 7.62% and a negative return on equity of 1.31%. Equities research analysts forecast that Yatra Online will post 0.02 EPS for the current year.
Institutional Investors Weigh In On Yatra Online
A hedge fund recently bought a new stake in Yatra Online stock. Gerber LLC acquired a new stake in shares of Yatra Online, Inc. (NASDAQ:YTRA – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,135 shares of the technology company’s stock, valued at approximately $26,000. Institutional investors and hedge funds own 50.97% of the company’s stock.
Yatra Online Company Profile
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.
Further Reading
- Five stocks we like better than Yatra Online
- Most active stocks: Dollar volume vs share volume
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- What Are Dividends? Buy the Best Dividend Stocks
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- 3 Stocks to Consider Buying in October
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Yatra Online Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yatra Online and related companies with MarketBeat.com's FREE daily email newsletter.