Wizz Air Holdings Plc (OTCMKTS:WZZAF) Sees Large Decrease in Short Interest

Wizz Air Holdings Plc (OTCMKTS:WZZAF) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 41,198 shares, a drop of 73.9% from the December 15th total of 157,953 shares. Based on an average daily trading volume, of 35 shares, the days-to-cover ratio is currently 1,177.1 days. Based on an average daily trading volume, of 35 shares, the days-to-cover ratio is currently 1,177.1 days.

Wizz Air Stock Performance

OTCMKTS WZZAF opened at $16.77 on Wednesday. Wizz Air has a fifty-two week low of $13.13 and a fifty-two week high of $22.00. The business has a 50 day moving average price of $14.24 and a two-hundred day moving average price of $14.96.

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.