Wizz Air Holdings Plc (OTCMKTS:WZZZY) Sees Significant Decline in Short Interest

Wizz Air Holdings Plc (OTCMKTS:WZZZY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 59 shares, a drop of 89.4% from the September 15th total of 559 shares. Based on an average daily trading volume, of 1,858 shares, the short-interest ratio is currently 0.0 days.

Wizz Air Stock Performance

OTCMKTS:WZZZY opened at $3.81 on Monday. The firm’s 50-day moving average is $3.62 and its 200-day moving average is $3.53. Wizz Air has a 52-week low of $2.90 and a 52-week high of $5.42.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WZZZY shares. Barclays reaffirmed an “overweight” rating on shares of Wizz Air in a research report on Monday, September 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wizz Air in a research note on Monday, June 15th. Royal Bank Of Canada downgraded shares of Wizz Air from an “outperform” rating to an “underperform” rating in a report on Friday, July 10th. Morgan Stanley lowered shares of Wizz Air from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, August 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Wizz Air in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Wizz Air Company Profile

Wizz Air is a European ultra-low-cost airline group headquartered in Budapest, Hungary. Founded in 2003 and operating its first flight in 2004, the company focuses on providing affordable scheduled air transportation through a low-cost business model.

The group operates a primarily Airbus fleet and offers flights across a network connecting cities in Europe with destinations in the Middle East and North Africa. Its services include scheduled passenger flights, while ancillary offerings such as baggage, seat selection, onboard products and other travel-related services support its business model.

Wizz Air operates through airline entities including Wizz Air Hungary, Wizz Air UK and Wizz Air Malta, with bases in several European countries.