What’s Ahead for Jetblue Airways Corporation (NASDAQ:JBLU) After Less Shorted Shares?

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 worsened, 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.
Arrowstreet Capital Ltd Partnership holds 0.01% or 145,300 shares in its portfolio. Adirondack And stated it has 1.88% in JetBlue Airways Corporation (NASDAQ:JBLU). Gsa Llp has invested 0.07% in JetBlue Airways Corporation (NASDAQ:JBLU). The Pennsylvania-based Sei Investments has invested 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). Meeder Asset Mngmt Inc holds 0% or 214 shares in its portfolio. Price T Rowe Inc Md invested in 128,072 shares or 0% of the stock. Putnam Invs Limited holds 0.01% or 165,066 shares. State Of Alaska Department Of Revenue, a Alaska-based fund reported 32,968 shares. Tower Research Ltd Liability (Trc) reported 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). Piedmont Inv Advsrs Inc reported 0.02% in JetBlue Airways Corporation (NASDAQ:JBLU). Susquehanna International Ltd Liability Partnership reported 0.01% stake. Bancorporation Of Ny Mellon invested in 0.02% or 3.02 million shares. Adage Cap Ptnrs Gp Ltd Liability Corp holds 0.02% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 366,221 shares. Coatue Management Limited Liability Co holds 0.01% or 44,164 shares in its portfolio. Amalgamated Comml Bank reported 63,687 shares stake.

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 16.63M 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 decreased 0.27% or $0.05 during the last trading session, reaching $16.85. About 3.65M 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. The firm has “Neutral” rating by Credit Suisse given on Wednesday, July 24. Buckingham Research maintained it with “Neutral” rating and $2100 target in Tuesday, July 16 report. Imperial Capital maintained the shares of JBLU in report on Thursday, June 20 with “Buy” rating. The firm earned “Neutral” rating on Friday, September 6 by Buckingham Research. The firm earned “Equal-Weight” rating on Thursday, October 10 by Morgan Stanley. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, October 2. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has “Buy” rating given on Tuesday, June 11 by Citigroup. On Monday, October 7 the stock rating was upgraded by Buckingham Research to “Buy”.

More notable recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Nasdaq.com which released: “JBLU Makes Bullish Cross Above Critical Moving Average – Nasdaq” on January 28, 2019, also Finance.Yahoo.com with their article: “Here’s What We Think About JetBlue Airways Corporation’s (NASDAQ:JBLU) CEO Pay – Yahoo Finance” published on May 09, 2019, Nasdaq.com published: “JetBlue Airways Corporation Common Stock (JBLU) Latest Quotes, Charts & News – Nasdaq” on September 13, 2019. More interesting news about JetBlue Airways Corporation (NASDAQ:JBLU) were released by: Nasdaq.com and their article: “RSI Alert: JetBlue Airways (JBLU) Now Oversold – Nasdaq” published on March 07, 2019 as well as Bizjournals.com‘s news article titled: “Sky Harbor’s top 3 airlines saw passenger counts climb in August – Phoenix Business Journal” with publication date: October 02, 2019.

JetBlue Airways Corporation (NASDAQ:JBLU) Institutional Positions Chart

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