Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Decreases By 55.9%

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 10,400 shares, a drop of 55.9% from the August 31st total of 23,600 shares. Based on an average trading volume of 156,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yatra Online stock. Gerber LLC acquired a new stake in Yatra Online, Inc. (NASDAQ:YTRA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

Analyst Upgrades and Downgrades

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

Yatra Online Stock Down 0.6 %

Shares of NASDAQ YTRA opened at $1.70 on Friday. Yatra Online has a 1 year low of $1.07 and a 1 year high of $2.24. The company has a market capitalization of $108.20 million, a price-to-earnings ratio of -24.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.41 and a quick ratio of 2.41. The business has a 50-day moving average of $1.45 and a two-hundred day moving average of $1.41.

Yatra Online (NASDAQ:YTRA) last posted 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 firm had revenue of $12.61 million during the quarter, compared to analysts’ expectations of $18.72 million. Yatra Online had a negative return on equity of 1.31% and a negative net margin of 7.62%. On average, analysts forecast that Yatra Online will post 0.02 earnings per share for the current fiscal year.

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.