What’s Propelling Jetblue Airways Corporation (NASDAQ:JBLU) After Lower Shorts Reported?

JetBlue Airways Corporation (NASDAQ:JBLU) Logo

Investors sentiment decreased to 0.81 in Q2 2019. Its down 0.25, from 1.06 in 2019Q1. It dropped, as 28 investors sold JetBlue Airways Corporation shares while 107 reduced holdings. 44 funds opened positions while 65 raised stakes. 258.10 million shares or 3.10% less from 266.36 million shares in 2019Q1 were reported.
Credit Suisse Ag reported 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). 11,720 were reported by Regentatlantic Llc. Timber Creek Ltd Liability Com, a Massachusetts-based fund reported 96,555 shares. Panagora Asset Management has 0% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 8,327 shares. Old National National Bank In stated it has 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). Tiverton Asset Mngmt Ltd Company reported 19,674 shares. Canada Pension Plan Board has invested 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Bnp Paribas Arbitrage Sa has 663 shares. Loring Wolcott Coolidge Fiduciary Advisors Limited Liability Partnership Ma holds 1,500 shares. Utd Automobile Association owns 45,961 shares or 0% of their US portfolio. Australia-based Westpac Bk Corp has invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Oppenheimer Asset Mngmt Inc has invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Barnett owns 46,360 shares. Coatue Ltd Limited Liability Company accumulated 44,164 shares or 0.01% of the stock. Alberta Investment Mngmt has 0.02% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 95,700 shares.

The stock of Jetblue Airways Corporation (NASDAQ:JBLU) registered a decrease of 41.81% in short interest. JBLU’s total short interest was 9.68 million shares in October as published by FINRA. Its down 41.81% from 16.63 million shares, reported previously. With 4.41M shares average volume, it will take short sellers 2 days to cover their JBLU’s short positions. The short interest to Jetblue Airways Corporation’s float is 3.18%.

The stock decreased 0.27% or $0.05 during the last trading session, reaching $16.85. About 3.65 million shares traded. JetBlue Airways Corporation (NASDAQ:JBLU) has risen 7.37% since October 12, 2018 and is uptrending. It has outperformed by 7.37% the S&P500.

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. The company has market cap of $4.89 billion. As of December 31, 2016, the firm operated a fleet of 37 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It has a 11.71 P/E ratio. It also served 100 destinations in 29 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage

Among 5 analysts covering JetBlue Airways Corporation – Common Stock (NASDAQ:JBLU), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. JetBlue Airways Corporation – Common Stock has $2600 highest and $1800 lowest target. $22.60’s average target is 34.12% above currents $16.85 stock price. JetBlue Airways Corporation – Common Stock had 11 analyst reports since June 7, 2019 according to SRatingsIntel. As per Thursday, October 10, the company rating was maintained by Morgan Stanley. The rating was maintained by Buckingham Research on Friday, September 6 with “Neutral”. The firm has “Neutral” rating by Buckingham Research given on Tuesday, July 16. Imperial Capital maintained the shares of JBLU in report on Thursday, June 20 with “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, October 2 report. Credit Suisse maintained the shares of JBLU in report on Wednesday, July 24 with “Neutral” rating. Citigroup upgraded JetBlue Airways Corporation (NASDAQ:JBLU) rating on Tuesday, June 11. Citigroup has “Buy” rating and $2600 target. Buckingham Research upgraded the shares of JBLU in report on Monday, October 7 to “Buy” rating.

More notable recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Finance.Yahoo.com which released: “Should JetBlue Airways Corporation (NASDAQ:JBLU) Focus On Improving This Fundamental Metric? – Yahoo Finance” on July 09, 2019, also Seekingalpha.com with their article: “JetBlue Leaves Behind A Bumpy Quarter – Seeking Alpha” published on April 29, 2019, Finance.Yahoo.com published: “Here’s What We Think About JetBlue Airways Corporation’s (NASDAQ:JBLU) CEO Pay – Yahoo Finance” on May 09, 2019. More interesting news about JetBlue Airways Corporation (NASDAQ:JBLU) were released by: Fool.com and their article: “JetBlue’s First Airbus A321neo Enters Scheduled Service: Why It Matters – The Motley Fool” published on September 25, 2019 as well as Finance.Yahoo.com‘s news article titled: “Were Hedge Funds Right About JetBlue Airways Corporation (JBLU)? – Yahoo Finance” with publication date: April 23, 2019.

JetBlue Airways Corporation (NASDAQ:JBLU) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.