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 target of a large decline in short interest in August. As of August 15th, there was short interest totaling 6,500 shares, adeclineof73.1% from the July 31st total of 24,200 shares. Based on an average daily trading volume, of 112,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 112,200 shares, the short-interest ratio is presently 0.1 days.

International Consolidated Airlines Group Trading Up 0.9%

ICAGY stock traded up $0.09 during trading on Friday, hitting $10.51. 69,430 shares of the company traded hands, compared to its average volume of 50,222. The company has a 50-day moving average of $10.09 and a 200-day moving average of $8.61. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. International Consolidated Airlines Group has a 1 year low of $4.84 and a 1 year high of $10.67. The firm has a market capitalization of $24.39 billion, a PE ratio of 3.36, a P/E/G ratio of 0.87 and a beta of 2.19.

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.79. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.The firm had revenue of $10.06 billion during the quarter, compared to analyst estimates of $8.77 billion. 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 research firms have recently issued reports on ICAGY. UBS Group downgraded shares of International Consolidated Airlines Group from a "neutral" rating to a "sell" rating in a report on Wednesday, August 6th. Zacks Research lowered International Consolidated Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a report on Thursday, June 26th. Finally, Barclays raised International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.