Yatra Online, Inc. (NASDAQ:YTRA) Sees Large Decrease in Short Interest

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

Institutional Trading of Yatra Online

An institutional investor recently bought a new position in Yatra Online stock. Millennium Management LLC acquired a new stake in Yatra Online, Inc. (NASDAQ:YTRA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 19,639 shares of the technology company’s stock, valued at approximately $25,000. 50.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price objective on shares of Yatra Online from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

Yatra Online Trading Down 6.3 %

Shares of YTRA opened at $0.78 on Tuesday. 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 company has a market cap of $49.17 million, a price-to-earnings ratio of 86.50 and a beta of 1.26. The stock has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.28. Yatra Online has a 52-week low of $0.78 and a 52-week high of $1.75.

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

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.