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

JetBlue Airways Co. (NASDAQ:JBLU) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 46,330,000 shares, a growth of 6.7% from the July 15th total of 43,410,000 shares. Based on an average daily trading volume, of 11,730,000 shares, the short-interest ratio is presently 3.9 days.

JetBlue Airways Trading Up 1.3 %

Shares of JBLU traded up $0.06 during mid-day trading on Friday, reaching $4.74. The company’s stock had a trading volume of 12,012,249 shares, compared to its average volume of 15,181,659. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.86. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $7.58. The company’s fifty day moving average price is $5.76 and its two-hundred day moving average price is $6.17. The stock has a market cap of $1.61 billion, a PE ratio of -1.92 and a beta of 1.93.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts predict that JetBlue Airways will post -1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JBLU shares. JPMorgan Chase & Co. lowered their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Citigroup lowered their target price on shares of JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. TD Cowen dropped their target price on shares of JetBlue Airways from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Barclays decreased their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Monday, May 6th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.65.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in shares of JetBlue Airways by 521.4% in the fourth quarter. International Assets Investment Management LLC now owns 142,885 shares of the transportation company’s stock valued at $793,000 after acquiring an additional 119,890 shares during the period. Sequoia Financial Advisors LLC raised its position in JetBlue Airways by 23.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 3,368 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in JetBlue Airways in the 4th quarter worth approximately $926,000. Everence Capital Management Inc. purchased a new stake in JetBlue Airways in the 4th quarter worth approximately $152,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $7,475,000. 83.71% of the stock is currently owned by institutional investors.

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.