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

JetBlue Airways Co. (NASDAQ:JBLU) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 52,870,000 shares, a decrease of 12.2% from the January 15th total of 60,200,000 shares. Based on an average daily trading volume, of 20,820,000 shares, the short-interest ratio is presently 2.5 days. Currently, 18.1% of the shares of the company are sold short.

JetBlue Airways Trading Up 1.5 %

JBLU stock traded up $0.10 during mid-day trading on Monday, hitting $6.78. 11,558,938 shares of the company were exchanged, compared to its average volume of 26,478,670. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $2.35 billion, a P/E ratio of -2.90 and a beta of 1.83. The business has a fifty day simple moving average of $7.25 and a 200-day simple moving average of $6.46. JetBlue Airways has a 12-month low of $4.49 and a 12-month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same quarter last year, the firm earned ($0.19) earnings per share. On average, equities research analysts predict that JetBlue Airways will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group restated a “sell” rating and set a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, UBS Group reduced their target price on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus price target of $6.51.

Insider Buying and Selling

In related news, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JBLU. FMR LLC boosted its stake in shares of JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock valued at $130,470,000 after purchasing an additional 16,486,326 shares during the period. Renaissance Technologies LLC boosted its stake in shares of JetBlue Airways by 491.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company’s stock valued at $33,597,000 after purchasing an additional 3,552,057 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the period. Norges Bank purchased a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $14,624,000. Finally, Jump Financial LLC boosted its stake in shares of JetBlue Airways by 200.6% in the fourth quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company’s stock valued at $17,476,000 after purchasing an additional 1,483,763 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

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.