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

Wizz Air Holdings Plc (OTCMKTS:WZZZY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 600 shares, a growth of 100.0% from the May 31st total of 300 shares. Based on an average daily volume of 150 shares, the short-interest ratio is currently 4.0 days.

Wizz Air Price Performance

Shares of OTCMKTS:WZZZY opened at $4.00 on Thursday. The company has a 50 day moving average of $3.51 and a 200 day moving average of $3.92. Wizz Air has a 12 month low of $2.90 and a 12 month high of $7.00.

Analysts Set New Price Targets

A number of brokerages recently commented on WZZZY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wizz Air in a research note on Monday, June 15th. Citigroup upgraded shares of Wizz Air from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Sanford C. Bernstein cut shares of Wizz Air from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Wizz Air

Wizz Air Holdings plc, trading on the OTC market under the symbol WZZZY, is a Hungary-based low-cost airline group headquartered in Budapest. The company provides scheduled passenger air transportation using a single-aisle Airbus fleet, operating under a no-frills model that offers basic fares with optional ancillary services. Wizz Air focuses on cost-efficient operations through high aircraft utilization, direct sales channels and streamlined ground handling processes.

The airline operates a fleet composed primarily of Airbus A320 and A321 aircraft, serving more than 170 destinations across Central, Eastern and Western Europe, as well as select markets in the Middle East and North Africa.