International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Short Interest Update

Key Points

• The short interest in International Consolidated Airlines Group (OTCMKTS:ICAGY) dropped by 73.1% in August, with total short interest falling from 24,200 to 6,500 shares.
• The company's stock increased by 2.8%, reaching $10.46 per share, with a market capitalization of $24.27 billion.
• International Consolidated Airlines Group reported earnings of $1.29 per share for the last quarter, significantly exceeding analysts' expectations of $0.50 per share.

International Consolidated Airlines Group SA (OTCMKTS:ICAGY - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 6,500 shares, adecreaseof73.1% from the July 31st total of 24,200 shares. Based on an average daily volume of 112,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 112,200 shares, the short-interest ratio is presently 0.1 days.

International Consolidated Airlines Group Price Performance

Shares of OTCMKTS:ICAGY traded up $0.10 during trading on Monday, reaching $10.61. 51,492 shares of the company's stock traded hands, compared to its average volume of 116,381. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. International Consolidated Airlines Group has a fifty-two week low of $4.88 and a fifty-two week high of $10.67. The firm has a market cap of $24.63 billion, a PE ratio of 3.39, a P/E/G ratio of 0.87 and a beta of 2.19. The company has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $8.61.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.79. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 110.40%. The business had revenue of $10.06 billion for the quarter, compared to analyst estimates of $8.77 billion. As a group, analysts predict that International Consolidated Airlines Group will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Zacks Research lowered International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, UBS Group lowered International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

International Consolidated Airlines Group Company Profile

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.