Short Interest in International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Decreases By 29.1%

Key Points

• Short interest fell 29.1% to 126,731 shares as of April 15, leaving a short-interest ratio of just 0.4 days and effectively 0.0% of the stock sold short.
• International Consolidated Airlines Group reported quarterly EPS of $0.82, beating the $0.33 consensus and showing strong profitability (ROE 98.60%, net margin 10.21%), though revenue of $9.29B slightly missed estimates.
• The stock trades at a low valuation (market cap $22.95B, P/E 2.57) with a 52-week range of $6.84–$12.36 and an average analyst rating of "Moderate Buy" after mixed broker actions (Barclays upgraded to overweight; Zacks downgraded to hold).

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 126,731 shares, a decrease of 29.1% from the March 31st total of 178,663 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 311,684 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ICAGY shares. Zacks Research downgraded International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 20th. Barclays raised International Consolidated Airlines Group from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

International Consolidated Airlines Group Stock Down 1.4%

ICAGY opened at $10.15 on Tuesday. International Consolidated Airlines Group has a fifty-two week low of $6.84 and a fifty-two week high of $12.36. The business has a 50-day moving average of $10.35 and a 200-day moving average of $10.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66. The company has a market capitalization of $22.95 billion, a PE ratio of 2.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.65.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The transportation company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.49. International Consolidated Airlines Group had a return on equity of 98.60% and a net margin of 10.21%.The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.64 billion. Equities research analysts forecast that International Consolidated Airlines Group will post 1.51 EPS for the current fiscal year.

About International Consolidated Airlines Group

International Consolidated Airlines Group OTCMKTS: ICAGY is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG's principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.

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