Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Decreases By 65.9%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 216,500 shares, a drop of 65.9% from the December 31st total of 635,300 shares. Based on an average daily volume of 206,200 shares, the short-interest ratio is currently 1.0 days.

International Consolidated Airlines Group Stock Performance

OTCMKTS ICAGY traded up $0.14 on Wednesday, hitting $8.16. 128,762 shares of the company’s stock traded hands, compared to its average volume of 131,220. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71. International Consolidated Airlines Group has a 1-year low of $3.51 and a 1-year high of $8.23. The firm’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $5.83. The firm has a market capitalization of $19.80 billion, a PE ratio of 2.60, a P/E/G ratio of 0.67 and a beta of 2.17.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its earnings results on Friday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $1.05. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.21 billion. As a group, analysts expect that International Consolidated Airlines Group will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy”.

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.