Short Interest in Wizz Air Holdings Plc (OTCMKTS:WZZAF) Decreases By 50.4%

Wizz Air Holdings Plc (OTCMKTS:WZZAF) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 115,062 shares, a decline of 50.4% from the May 14th total of 232,013 shares. Based on an average daily trading volume, of 111 shares, the days-to-cover ratio is currently 1,036.6 days.

Wizz Air Price Performance

Shares of OTCMKTS WZZAF opened at $11.14 on Monday. Wizz Air has a 52 week low of $11.14 and a 52 week high of $20.75. The firm’s fifty day moving average is $11.45 and its 200 day moving average is $13.64.

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.