Short Interest in International Consolidated Airlines Group SA (OTCMKTS:ICAGY) Rises By 79.3%

International Consolidated Airlines Group SA (OTCMKTS:ICAGY) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 38,291 shares, a growth of 79.3% from the January 15th total of 21,358 shares. Based on an average trading volume of 95,410 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 95,410 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ICAGY. The Goldman Sachs Group upgraded shares of International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research raised International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Consolidated Airlines Group presently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Price Performance

Shares of International Consolidated Airlines Group stock traded up $0.09 on Friday, hitting $11.85. 37,817 shares of the company traded hands, compared to its average volume of 56,973. International Consolidated Airlines Group has a 12-month low of $5.60 and a 12-month high of $12.25. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.99. The company has a market cap of $27.05 billion, a P/E ratio of 3.59, a P/E/G ratio of 0.42 and a beta of 1.63. The firm’s 50-day simple moving average is $11.26 and its 200 day simple moving average is $10.69.

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.