Short Interest in JetBlue Airways Co. (NASDAQ:JBLU) Expands By 15.7%

JetBlue Airways Co. (NASDAQ:JBLU) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 51,890,000 shares, an increase of 15.7% from the November 15th total of 44,840,000 shares. Based on an average daily trading volume, of 18,090,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 17.7% of the shares of the stock are short sold.

JetBlue Airways Trading Down 2.8 %

JBLU opened at $7.04 on Friday. The company’s 50 day moving average is $6.59 and its 200-day moving average is $5.99. The company has a market cap of $2.44 billion, a P/E ratio of -2.79 and a beta of 1.92. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.07. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted ($0.39) earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that JetBlue Airways will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JBLU. Bogart Wealth LLC grew its holdings in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in JetBlue Airways during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in JetBlue Airways in the second quarter worth about $34,000. Point72 DIFC Ltd purchased a new stake in shares of JetBlue Airways in the second quarter valued at $48,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of JetBlue Airways during the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays boosted their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. Evercore ISI lifted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. TD Cowen increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup raised their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.57.

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.