Short sellers target Wizz Air over financial difficulties, higher debt than rivals EasyJet and Ryanair.
Short sellers are focusing on Wizz Air Holdings, anticipating greater financial difficulties than its rivals, EasyJet and Ryanair, due to debt and operational issues. Wizz Air’s short interest is at 13%, while EasyJet and Ryanair are below 1%. With net debt significantly higher than its earnings, Wizz Air lacks the financial flexibility of its competitors, though analysts believe in its potential, projecting a 51% stock price increase over the next year.
September 23, 2024
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