Wizz Air Holdings Plc (OTCMKTS:WZZZY) Shares Shorted: Short Interest Down 89.4% in September

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

Wall Street Analyst Weigh In

Several research firms have commented on WZZZY. Royal Bank Of Canada cut shares of Wizz Air from an “outperform” rating to an “underperform” rating in a research report on Friday, July 10th. Morgan Stanley lowered Wizz Air from an “equal weight” rating to an “underweight” rating in a report on Wednesday, August 12th. Barclays reissued an “overweight” rating on shares of Wizz Air in a report on Monday, September 7th. Citigroup reiterated a “neutral” rating on shares of Wizz Air in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wizz Air in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Wizz Air Price Performance

Shares of WZZZY stock opened at $3.81 on Friday. The stock has a 50-day simple moving average of $3.62 and a 200 day simple moving average of $3.52. Wizz Air has a fifty-two week low of $2.90 and a fifty-two week high of $5.42.

About Wizz Air

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.