Norwegian Air Shuttle ASA (OTCMKTS:NWARF – Get Rating) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 2,686,000 shares, a decrease of 19.8% from the September 30th total of 3,351,100 shares. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is presently 268.6 days.

Wall Street Analysts Forecast Growth

Separately, Nordea Equity Research raised shares of Norwegian Air Shuttle ASA from a "sell" rating to a "hold" rating in a research note on Thursday.

Norwegian Air Shuttle ASA Trading Up 7.8 %

Shares of Norwegian Air Shuttle ASA stock traded up $0.06 on Friday, hitting $0.81. 2,370 shares of the company were exchanged, compared to its average volume of 16,299. The company has a 50-day moving average price of $0.77 and a 200 day moving average price of $0.95. Norwegian Air Shuttle ASA has a 1-year low of $0.58 and a 1-year high of $2.00.

About Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. As of December 31, 2021, the company operated a fleet of 70 aircraft. It is also involved in aircraft financing, leasing, and ownership activities; and cargo activities.

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