Short Interest in Yatra Online, Inc. (NASDAQ:YTRA) Decreases By 22.5%

Yatra Online, Inc. (NASDAQ:YTRA) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 55,100 shares, a decrease of 22.5% from the February 28th total of 71,100 shares. Based on an average trading volume of 117,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Yatra Online stock. Millennium Management LLC purchased a new stake in Yatra Online, Inc. (NASDAQ:YTRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,639 shares of the technology company’s stock, valued at approximately $25,000. 50.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their target price on Yatra Online from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th.

Yatra Online Stock Up 0.1 %

Yatra Online stock opened at $0.83 on Monday. Yatra Online has a twelve month low of $0.80 and a twelve month high of $1.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market cap of $52.45 million, a PE ratio of 86.50 and a beta of 1.26. The firm’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.29.

Yatra Online (NASDAQ:YTRA) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Yatra Online had a negative net margin of 0.46% and a positive return on equity of 0.27%. On average, research analysts predict that Yatra Online will post 0.04 EPS 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.