JetBlue Airways Co. (NASDAQ:JBLU) Short Interest Up 15.7% in November

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) saw a significant increase in short interest in the month of 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 trading volume of 18,090,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 17.7% of the shares of the company are sold short.

Analyst Ratings Changes

JBLU has been the topic of a number of recent research reports. Susquehanna raised their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. The Goldman Sachs Group reissued a "sell" rating and set a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. UBS Group reaffirmed a "sell" rating and issued a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. Finally, TD Cowen increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.57.

JetBlue Airways Trading Down 2.8 %

NASDAQ JBLU traded down $0.20 during trading on Friday, hitting $7.04. The company had a trading volume of 13,720,109 shares, compared to its average volume of 16,044,019. The company's fifty day moving average is $6.59 and its 200-day moving average is $6.00. JetBlue Airways has a one year low of $4.49 and a one 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. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -2.79 and a beta of 1.92.

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

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds and other institutional investors have recently bought and sold shares of JBLU. Virtu Financial LLC bought a new stake in shares of JetBlue Airways in the 3rd quarter worth approximately $307,000. Y Intercept Hong Kong Ltd purchased a new position in JetBlue Airways during the third quarter valued at $1,973,000. XTX Topco Ltd boosted its holdings in JetBlue Airways by 186.4% in the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company's stock worth $701,000 after acquiring an additional 69,584 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of JetBlue Airways in the third quarter worth $1,761,000. Finally, Stifel Financial Corp grew its stake in shares of JetBlue Airways by 21.4% in the third quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company's stock worth $3,444,000 after acquiring an additional 92,468 shares during the last quarter. 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.