Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Short Interest Down 41.3% in June

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,129,791 shares, a decline of 41.3% from the June 15th total of 1,923,119 shares. Based on an average daily volume of 6,423 shares, the days-to-cover ratio is presently 175.9 days.

Norwegian Air Shuttle ASA Stock Performance

Shares of NWARF traded down $0.14 during mid-day trading on Thursday, hitting $1.30. 1,228 shares of the company’s stock were exchanged, compared to its average volume of 4,920. The firm has a fifty day moving average of $1.57 and a two-hundred day moving average of $1.59. Norwegian Air Shuttle ASA has a twelve month low of $1.30 and a twelve month high of $1.86.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised Norwegian Air Shuttle ASA to a “buy” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) is a low-cost airline headquartered near Oslo, Norway. Established in 1993 as an air taxi and charter operator, the company transitioned to a budget carrier model in the early 2000s. Today, Norwegian Air Shuttle is one of the largest airlines in the Nordic region, offering scheduled passenger services that compete on price and efficiency with legacy carriers across Europe.

The airline’s core business centers on short-haul and medium-haul flights, operating a homogeneous fleet of Boeing 737 aircraft designed to optimize turnaround times and minimize operating costs.