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 2019 Q2. Its down 0.25, from 1.06 in 2019Q1. It is negative, 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.
Meeder Asset Management Inc has 0% invested in JetBlue Airways Corporation (NASDAQ:JBLU). State Of Tennessee Treasury Department invested in 310,627 shares or 0.03% of the stock. Renaissance Grp Ltd Liability reported 10,000 shares. First Mercantile Trust Company holds 0.06% or 30,151 shares in its portfolio. Sandy Spring Bancshares invested 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Ubs Asset Mngmt Americas invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Asset holds 14,463 shares or 0.01% of its portfolio. Stelliam Invest Lp reported 769,000 shares stake. Farmers & Merchants Invests reported 150 shares. Mason Street Ltd Limited Liability Company has invested 0.06% in JetBlue Airways Corporation (NASDAQ:JBLU). Texas-based Dimensional Fund Lp has invested 0.08% in JetBlue Airways Corporation (NASDAQ:JBLU). Signaturefd Ltd Company holds 0% or 114 shares. Moreover, Lpl Fincl Llc has 0% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 92,650 shares. Loring Wolcott And Coolidge Fiduciary Advisors Limited Liability Partnership Ma has 1,500 shares for 0% of their portfolio. The Colorado-based Institute For Wealth Mgmt Limited Liability Com has invested 0.04% in JetBlue Airways Corporation (NASDAQ:JBLU).

The stock of Jetblue Airways Corporation (NASDAQ:JBLU) registered a decrease of 41.81% in short interest. JBLU’s total short interest was 9.68M shares in September as published by FINRA. Its down 41.81% from 16.63M shares, reported previously. With 4.41 million 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 increased 1.34% or $0.23 during the last trading session, reaching $17.39. About 3.15 million shares traded. JetBlue Airways Corporation (NASDAQ:JBLU) has risen 7.37% since September 13, 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 $5.05 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 12.08 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 4 analysts covering JetBlue Airways (NASDAQ:JBLU), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. JetBlue Airways has $2600 highest and $1800 lowest target. $22.50’s average target is 29.38% above currents $17.39 stock price. JetBlue Airways had 8 analyst reports since April 11, 2019 according to SRatingsIntel. Buckingham Research maintained the stock with “Neutral” rating in Thursday, April 11 report. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has “Neutral” rating given on Tuesday, July 16 by Buckingham Research. The firm has “Buy” rating given on Tuesday, June 11 by Citigroup. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Neutral” rating by Buckingham Research on Friday, September 6. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Neutral” rating by Credit Suisse on Wednesday, July 24. The firm has “Buy” rating given on Thursday, June 20 by Imperial Capital.

More notable recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Finance.Yahoo.com which released: “Should You Be Worried About Insider Transactions At JetBlue Airways Corporation (NASDAQ:JBLU)? – Yahoo Finance” on June 11, 2019, also Nasdaq.com with their article: “JetBlue Airways (JBLU) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Nasdaq” published on July 16, 2019, Nasdaq.com published: “Is JetBlue Airways (JBLU) Stock Undervalued Right Now? – Nasdaq” on July 18, 2019. More interesting news about JetBlue Airways Corporation (NASDAQ:JBLU) were released by: Nasdaq.com and their article: “Bull of the Day: Allegiant Travel Company (ALGT) – Nasdaq” published on September 04, 2019 as well as Fool.com‘s news article titled: “Can Delta Repeat Its Seattle Success in Boston? – The Motley Fool” with publication date: August 24, 2019.

JetBlue Airways Corporation (NASDAQ:JBLU) Institutional Positions Chart

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