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

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

International Consolidated Airlines Group Stock Up 0.8%

OTCMKTS ICAGY traded up $0.09 during trading hours on Friday, hitting $11.85. 37,817 shares of the company were exchanged, compared to its average volume of 56,973. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The firm has a market cap of $27.05 billion, a price-to-earnings ratio of 3.59, a PEG ratio of 0.43 and a beta of 1.63. The company has a 50 day moving average of $11.26 and a two-hundred day moving average of $10.69. International Consolidated Airlines Group has a 52-week low of $5.60 and a 52-week high of $12.25.

Analyst Ratings Changes

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

International Consolidated Airlines Group Company Profile

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.