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

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

Analyst Ratings Changes

Separately, Pareto Securities raised Norwegian Air Shuttle ASA to a “buy” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Norwegian Air Shuttle ASA Stock Performance

NWARF traded down $0.14 on Thursday, reaching $1.30. 1,228 shares of the company traded hands, compared to its average volume of 4,920. The stock’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.59. Norwegian Air Shuttle ASA has a 52-week low of $1.30 and a 52-week high of $1.86.

Norwegian Air Shuttle ASA Company Profile

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.