Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Short Interest Down 41.3% in June

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,129,791 shares, a decrease of 41.3% from the June 15th total of 1,923,119 shares. Based on an average trading volume of 6,423 shares, the short-interest ratio is presently 175.9 days.

Norwegian Air Shuttle ASA Stock Performance

Shares of OTCMKTS:NWARF opened at $1.30 on Friday. Norwegian Air Shuttle ASA has a 12-month low of $1.30 and a 12-month high of $1.86. The company’s 50 day moving average price is $1.56 and its two-hundred day moving average price is $1.59.

Analyst Upgrades and Downgrades

Separately, Pareto Securities upgraded Norwegian Air Shuttle ASA to a “buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Norwegian Air Shuttle ASA currently has a consensus rating of “Moderate Buy”.

About Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) is a low-cost airline headquartered near Oslo, Norway. Established in 1993 as an air taxi and charter operator, the company transitioned to a budget carrier model in the early 2000s. Today, Norwegian Air Shuttle is one of the largest airlines in the Nordic region, offering scheduled passenger services that compete on price and efficiency with legacy carriers across Europe.

The airline’s core business centers on short-haul and medium-haul flights, operating a homogeneous fleet of Boeing 737 aircraft designed to optimize turnaround times and minimize operating costs.