Short Interest in International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Drops By 42.7%

Key Points

• The short interest for International Consolidated Airlines Group SA decreased by 42.7% in July, with only 24,200 shares sold short as of July 31st.
• Analyst ratings are mixed; UBS downgraded the stock to a "sell," while Sanford C. Bernstein upgraded it to "outperform," resulting in an average rating of "Hold" from research analysts.
• In its most recent earnings report, the company reported an EPS of $1.29, significantly exceeding the consensus estimate of $0.50, with quarterly revenue of $10.06 billion.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 24,200 shares, adeclineof42.7% from the July 15th total of 42,200 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately0.0% of the shares of the stock are sold short.

International Consolidated Airlines Group Trading Up 3.2%

ICAGY stock traded up $0.33 during midday trading on Friday, hitting $10.63. The stock had a trading volume of 51,113 shares, compared to its average volume of 58,506. The firm has a market cap of $24.67 billion, a P/E ratio of 3.40, a price-to-earnings-growth ratio of 0.85 and a beta of 2.23. The company has a current ratio of 0.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99. International Consolidated Airlines Group has a 1-year low of $4.60 and a 1-year high of $10.67. The business has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $8.49.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its earnings results on Friday, August 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.79. The business had revenue of $10.06 billion for the quarter, compared to analyst estimates of $8.77 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 110.40%. On average, sell-side analysts predict that International Consolidated Airlines Group will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ICAGY shares. Barclays raised shares of International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. UBS Group cut shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 6th. Finally, Sanford C. Bernstein raised shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold".

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.