Short Interest in Wizz Air Holdings Plc (OTCMKTS:WZZZY) Expands By 200.0%

Wizz Air Holdings Plc (OTCMKTS:WZZZYGet Rating) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a growth of 200.0% from the March 15th total of 100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 3.0 days.

Shares of WZZZY opened at $8.50 on Thursday. The firm has a 50-day moving average price of $11.18 and a 200 day moving average price of $14.08. Wizz Air has a 52-week low of $8.40 and a 52-week high of $18.00.

Several analysts recently issued reports on the company. Barclays cut their price target on Wizz Air from GBX 5,450 ($71.02) to GBX 5,300 ($69.06) and set an “overweight” rating on the stock in a report on Friday, January 28th. JPMorgan Chase & Co. raised their target price on Wizz Air from GBX 4,960 ($64.63) to GBX 6,000 ($78.19) in a research note on Friday, January 21st. Deutsche Bank Aktiengesellschaft lowered shares of Wizz Air from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Berenberg Bank cut their price objective on shares of Wizz Air from GBX 5,200 ($67.76) to GBX 4,400 ($57.34) in a research report on Wednesday, February 23rd. Finally, Morgan Stanley decreased their target price on shares of Wizz Air from GBX 4,900 ($63.85) to GBX 2,800 ($36.49) in a research report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4,820.00.

About Wizz Air (Get Rating)

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. As of June 04, 2021, it operated a fleet of 137 aircraft that offered services for approximately 824 routes from 43 bases connecting 167 airports in 48 countries.

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