Air New Zealand Limited (OTCMKTS:ANZFF) Short Interest Up 34.4% in March

Air New Zealand Limited (OTCMKTS:ANZFF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 63,520 shares, a growth of 34.4% from the February 26th total of 47,251 shares. Based on an average daily volume of 884 shares, the days-to-cover ratio is presently 71.9 days.

Air New Zealand Stock Performance

Shares of Air New Zealand stock opened at $0.27 on Friday. Air New Zealand has a 12-month low of $0.25 and a 12-month high of $0.39. The firm’s 50-day moving average price is $0.32 and its two-hundred day moving average price is $0.33.

Air New Zealand Company Profile

Air New Zealand Limited is the state-owned flag carrier of New Zealand, headquartered in Auckland. The airline traces its roots back to Tasman Empire Airways Limited (TEAL), which began operations in 1940. It was rebranded as Air New Zealand in 1965 and has since grown into one of the nation’s leading providers of air transport services. The New Zealand government holds a majority stake in the company, which plays a critical role in connecting the country to international markets and supporting tourism and trade.

Air New Zealand operates a comprehensive network of domestic and international routes.