Yatra Online, Inc. (NASDAQ:YTRA – Get Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 95,500 shares, a drop of 18.6% from the March 15th total of 117,300 shares. Based on an average trading volume of 65,900 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Yatra Online in a research report on Wednesday, March 29th.
Yatra Online Stock Performance
Shares of YTRA stock opened at $2.10 on Monday. The firm has a fifty day moving average of $2.12 and a 200-day moving average of $2.29. Yatra Online has a 52-week low of $1.32 and a 52-week high of $3.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in YTRA. FinTrust Capital Advisors LLC boosted its holdings in Yatra Online by 117.7% during the third quarter. FinTrust Capital Advisors LLC now owns 21,114 shares of the technology company’s stock valued at $48,000 after purchasing an additional 11,414 shares in the last quarter. Morgan Stanley grew its position in Yatra Online by 26.7% in the fourth quarter. Morgan Stanley now owns 59,250 shares of the technology company’s stock valued at $143,000 after acquiring an additional 12,500 shares during the period. Commonwealth Equity Services LLC grew its position in Yatra Online by 104.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 31,775 shares of the technology company’s stock valued at $76,000 after acquiring an additional 16,250 shares during the period. Prelude Capital Management LLC raised its stake in Yatra Online by 23.3% during the second quarter. Prelude Capital Management LLC now owns 97,722 shares of the technology company’s stock worth $220,000 after acquiring an additional 18,446 shares in the last quarter. Finally, State Street Corp bought a new position in shares of Yatra Online during the third quarter valued at $43,000. Institutional investors and hedge funds own 51.12% of the company’s stock.
About Yatra Online
Yatra Online, Inc engages in the business of selling travel products and solutions. It operates through the following segments: Air Ticketing, Hotels & Packages, and Others. The Air Ticketing segment through an Internet, mobile based platform, and call-centers, provides the facility to book and service international and domestic air tickets to ultimate customers.