Short Interest Alert: What Will Happen to Virgin America Incorporated (NASDAQ:VA) Next? The Stock Has Increase in Shorts

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Alert: What Will Happen to Virgin America Incorporated (NASDAQ:VA) Next? The Stock Has Increase in Shorts

The stock of Virgin America Incorporated (NASDAQ:VA) registered an increase of 6.8% in short interest. VA’s total short interest was 6.15 million shares in November as published by FINRA. Its up 6.8% from 5.75M shares, reported previously. With 457,900 shares average volume, it will take short sellers 13 days to cover their VA’s short positions. The short interest to Virgin America Incorporated’s float is 48.26%. About 1.86M shares traded hands or 142.63% up from the average. Virgin America Inc (NASDAQ:VA) has risen 0.14% since April 18, 2016 and is uptrending. It has underperformed by 4.29% the S&P500.

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The company has a market cap of $2.88 billion. The Firm operates in air transportation service segment. It has a 8.46 P/E ratio. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field to other destinations in North America.

Virgin America Inc (NASDAQ:VA) Ratings Coverage

Out of 11 analysts covering Virgin America Inc (NASDAQ:VA), 2 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 18% are positive. Virgin America Inc has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Tuesday, April 5, the company rating was upgraded by Morgan Stanley. JP Morgan maintained it with “Underweight” rating and $35.50 target price in Thursday, February 4 report. On Thursday, January 14 the stock rating was initiated by JP Morgan with “Underweight”. The stock of Virgin America Inc (NASDAQ:VA) earned “Market Perform” rating by Cowen & Co on Friday, September 25. The stock of Virgin America Inc (NASDAQ:VA) has “Neutral” rating given on Monday, April 4 by Sidoti. Deutsche Bank maintained Virgin America Inc (NASDAQ:VA) on Wednesday, October 12 with “Hold” rating. The rating was upgraded by Barrington Research to “Buy” on Tuesday, August 4. Barclays Capital downgraded Virgin America Inc (NASDAQ:VA) on Friday, April 15 to “Equal-Weight” rating. The stock of Virgin America Inc (NASDAQ:VA) earned “Buy” rating by Bank of America on Tuesday, August 4. Imperial Capital initiated Virgin America Inc (NASDAQ:VA) rating on Friday, September 23. Imperial Capital has “In-Line” rating and $57 price target.

VA Company Profile

Virgin America Inc., incorporated on January 26, 2004, is an airline that provides scheduled air travel in the United States and Mexico. The Firm operates in the air transportation service segment. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Firm provides service to over 20 airports in the United States and Mexico with a fleet of over 50 narrow-body aircraft. It offers three levels of service: First Class, Main Cabin Select and Main Cabin.

More notable recent Virgin America Inc (NASDAQ:VA) news were published by: Bloomberg.com which released: “Virgin America Gets Takeover Bids From JetBlue and Alaska Air” on March 28, 2016, also Wsj.com with their article: “Alaska Air Strikes Deal to Buy Virgin America for $2.6 Billion” published on April 04, 2016, Bloomberg.com published: “Virgin America Weighs Sale After Receiving Interest” on March 23, 2016. More interesting news about Virgin America Inc (NASDAQ:VA) were released by: Marketwatch.com and their article: “Alaska Air, Virgin America merger remains up in the air” published on October 20, 2016 as well as Fool.com‘s news article titled: “Is the Alaska Air-Virgin America Merger on the Rocks?” with publication date: September 28, 2016.

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By Hazel Jackson


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