JetBlue Airways Co. (NASDAQ:JBLU) Short Interest Update

JetBlue Airways Co. (NASDAQ:JBLU) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 62,580,000 shares, a decrease of 9.4% from the August 31st total of 69,080,000 shares. Based on an average daily trading volume, of 16,000,000 shares, the short-interest ratio is presently 3.9 days. Approximately 20.2% of the company’s stock are short sold.

JetBlue Airways Price Performance

Shares of JBLU opened at $6.56 on Tuesday. JetBlue Airways has a 12 month low of $3.42 and a 12 month high of $7.58. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. The stock has a fifty day moving average price of $5.50 and a 200 day moving average price of $5.93. The company has a market cap of $2.23 billion, a P/E ratio of -2.62 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $0.45 EPS. JetBlue Airways’s revenue was down 8.0% on a year-over-year basis. On average, research analysts forecast that JetBlue Airways will post -1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen increased their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Citigroup lifted their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Trading of JetBlue Airways

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways during the 1st quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in JetBlue Airways in the second quarter worth approximately $27,000. GAMMA Investing LLC grew its holdings in shares of JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after acquiring an additional 2,377 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of JetBlue Airways during the first quarter valued at $30,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of JetBlue Airways during the second quarter valued at $34,000. Institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.