Norwegian Air Shuttle ASA (OTCMKTS:NWARF – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,635,982 shares, an increase of 123.5% from the July 15th total of 1,179,543 shares. Based on an average daily trading volume, of 2,773 shares, the short-interest ratio is currently 950.6 days.
Norwegian Air Shuttle ASA Price Performance
Shares of OTCMKTS NWARF remained flat at $1.35 during midday trading on Friday. Norwegian Air Shuttle ASA has a 52-week low of $1.20 and a 52-week high of $1.86. The firm has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.54.
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.
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