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

Wizz Air Holdings Plc (OTCMKTS:WZZZY – Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,078 shares, an increase of 1,282.1% from the April 15th total of 78 shares. Based on an average daily trading volume, of 613 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Ratings Changes

Several research firms have recently weighed in on WZZZY. Citigroup upgraded shares of Wizz Air from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research upgraded shares of Wizz Air to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Sanford C. Bernstein cut shares of Wizz Air from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Wizz Air currently has an average rating of “Hold”.

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Wizz Air Stock Performance

WZZZY opened at $3.66 on Tuesday. The firm has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.92. Wizz Air has a twelve month low of $2.90 and a twelve month high of $7.00.

Wizz Air Company Profile

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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.

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