Short Interest in Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Rises By 123.5%

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,635,982 shares, a growth of 123.5% from the July 15th total of 1,179,543 shares. Based on an average daily trading volume, of 2,773 shares, the days-to-cover ratio is presently 950.6 days.

Norwegian Air Shuttle ASA Price Performance

Shares of NWARF opened at $1.35 on Friday. Norwegian Air Shuttle ASA has a twelve month low of $1.20 and a twelve month high of $1.86. The firm has a fifty day simple moving average of $1.43 and a two-hundred day simple moving average of $1.54.

Norwegian Air Shuttle ASA Company Profile

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.