Air New Zealand Limited (OTCMKTS:ANZFF) Sees Significant Growth in Short Interest

Air New Zealand Limited (OTCMKTS:ANZFF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 151,211 shares, an increase of 56.0% from the December 15th total of 96,957 shares. Based on an average trading volume of 1,877 shares, the days-to-cover ratio is currently 80.6 days. Based on an average trading volume of 1,877 shares, the days-to-cover ratio is currently 80.6 days.

Air New Zealand Stock Up 1.6%

Shares of Air New Zealand stock opened at $0.31 on Friday. Air New Zealand has a 1 year low of $0.30 and a 1 year high of $0.39. The stock has a fifty day moving average price of $0.33 and a 200-day moving average price of $0.34.

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.