Short Interest in Air New Zealand Limited (OTCMKTS:ANZFF) Grows By 34.4%

Air New Zealand Limited (OTCMKTS:ANZFF) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 63,520 shares, an increase of 34.4% from the February 26th total of 47,251 shares. Based on an average trading volume of 884 shares, the days-to-cover ratio is currently 71.9 days.

Air New Zealand Trading Down 0.8%

Shares of ANZFF stock opened at $0.27 on Tuesday. The business’s 50 day simple moving average is $0.32 and its 200 day simple moving average is $0.33. Air New Zealand has a one year low of $0.25 and a one year high of $0.39.

About Air New Zealand

Air New Zealand Limited is the state-owned flag carrier of New Zealand, headquartered in Auckland. The airline traces its roots back to Tasman Empire Airways Limited (TEAL), which began operations in 1940. It was rebranded as Air New Zealand in 1965 and has since grown into one of the nation’s leading providers of air transport services. The New Zealand government holds a majority stake in the company, which plays a critical role in connecting the country to international markets and supporting tourism and trade.

Air New Zealand operates a comprehensive network of domestic and international routes.