Yatra Online, Inc. (NASDAQ:YTRA – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 23,600 shares, a decline of 50.5% from the August 15th total of 47,700 shares. Based on an average trading volume of 166,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Yatra Online in a research report on Tuesday, September 3rd.
View Our Latest Analysis on Yatra Online
Yatra Online Price Performance
Yatra Online (NASDAQ:YTRA – Get Free Report) last announced its 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 return on equity of 1.31% and a negative net margin of 7.62%. Equities research analysts expect that Yatra Online will post 0.02 EPS for the current fiscal year.
Hedge Funds Weigh In On Yatra Online
An institutional investor recently bought a new position in Yatra Online stock. Gerber LLC purchased a new stake in Yatra Online, Inc. (NASDAQ:YTRA – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.
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.
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