Short Interest in Wizz Air Holdings Plc (OTCMKTS:WZZZY) Declines By 65.8%

Wizz Air Holdings Plc (OTCMKTS:WZZZY) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 300 shares, a decrease of 65.8% from the May 14th total of 878 shares. Based on an average trading volume of 367 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

WZZZY has been the topic of several recent research reports. Citigroup raised shares of Wizz Air from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Sanford C. Bernstein downgraded shares of Wizz Air from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wizz Air has a consensus rating of “Hold”.

Wizz Air Price Performance

Shares of OTCMKTS WZZZY opened at $3.30 on Thursday. The company’s fifty day moving average price is $3.26 and its 200 day moving average price is $3.90. Wizz Air has a 1 year low of $2.90 and a 1 year high of $7.00.

Wizz Air Company Profile

Wizz Air Holdings plc, trading on the OTC market under the symbol WZZZY, is a Hungary-based low-cost airline group headquartered in Budapest. The company provides scheduled passenger air transportation using a single-aisle Airbus fleet, operating under a no-frills model that offers basic fares with optional ancillary services. Wizz Air focuses on cost-efficient operations through high aircraft utilization, direct sales channels and streamlined ground handling processes.

The airline operates a fleet composed primarily of Airbus A320 and A321 aircraft, serving more than 170 destinations across Central, Eastern and Western Europe, as well as select markets in the Middle East and North Africa.