Yatra Online, Inc. (NASDAQ:YTRA) Sees Significant Increase in Short Interest

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 49,700 shares, an increase of 377.9% from the September 15th total of 10,400 shares. Based on an average trading volume of 157,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Yatra Online

An institutional investor recently bought a new position in Yatra Online stock. Gerber LLC bought a new stake in Yatra Online, Inc. (NASDAQ:YTRA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 16,135 shares of the technology company’s stock, valued at approximately $26,000. 50.97% of the stock is currently owned by hedge funds and other institutional investors.

Yatra Online Price Performance

NASDAQ YTRA opened at $1.65 on Friday. Yatra Online has a twelve month low of $1.07 and a twelve month high of $2.20. The stock has a fifty day simple moving average of $1.51 and a 200-day simple moving average of $1.42. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03.

Yatra Online (NASDAQ:YTRA) last announced its earnings results on Monday, August 12th. The technology company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $12.61 million during 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%. On average, sell-side analysts expect that Yatra Online will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Yatra Online in a research report on Tuesday, September 3rd.

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.