Short Interest in Wizz Air Holdings Plc (OTCMKTS:WZZAF) Drops By 50.4%

Wizz Air Holdings Plc (OTCMKTS:WZZAF) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 115,062 shares, a decrease of 50.4% from the May 14th total of 232,013 shares. Based on an average trading volume of 111 shares, the short-interest ratio is currently 1,036.6 days.

Wizz Air Stock Performance

OTCMKTS:WZZAF opened at $11.14 on Friday. The stock’s fifty day moving average price is $11.45 and its two-hundred day moving average price is $13.64. Wizz Air has a 1 year low of $11.14 and a 1 year high of $20.75.

Wizz Air Company Profile

Wizz Air Holdings Plc, trading in the United States on the OTC market under the ticker WZZAF, is a Hungary-based ultra low-cost carrier that provides scheduled passenger air transportation services across Europe and selected international destinations. The company’s primary business activity centers on offering no-frills flights at competitive base fares, supplemented by ancillary revenue streams such as baggage fees, seat selection, priority boarding and in-flight refreshments.

Founded in September 2003 by Jozsef Váradi and other aviation industry veterans, Wizz Air commenced operations in May 2004 and has since grown steadily through network expansion, strategic base openings and fleet standardization.