Short Interest in International Consolidated Airlines Group S.A. Grows by 77.6%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) experienced a significant increase in short interest during January. As of January 31st, the total short interest reached 262,000 shares, marking a substantial 77.6% rise from the previous total of 147,500 shares as of January 15th. Given the average daily trading volume of 261,600 shares, the current short-interest ratio stands at 1.0 days.

Recent Analyst Ratings

Recently, several analysts have provided updates regarding the shares of International Consolidated Airlines Group. Notably, Sanford C. Bernstein downgraded the stock from a "strong-buy" rating to a "hold" rating in a report published on Wednesday. Similarly, The Goldman Sachs Group also downgraded the company from "strong-buy" to "hold" in a report issued on February 10th. In contrast, Deutsche Bank Aktiengesellschaft upgraded the stock from "hold" to "buy" in a report dated December 11th. Currently, four analysts rate the stock as a hold, while four others provide a buy rating. As per data from MarketBeat.com, the consensus rating for the stock is a "Moderate Buy."

Read Our Latest Research Report on International Consolidated Airlines Group

International Consolidated Airlines Group's Stock Performance

On Friday, International Consolidated Airlines Group's stock saw a decline of 2.1%, dropping by $0.18 to reach $8.52. The trading volume for the day was 156,948 shares, surpassing the average volume of 125,370. The stock has experienced a 52-week low of $3.54 and a high of $9.11. Currently, the company’s fifty-day moving average is $7.90, while the 200-day moving average is $6.20. The market capitalization stands at $20.58 billion, with a price-to-earnings ratio of 2.71, a price-to-earnings-growth ratio of 0.75, and a beta of 2.17. Furthermore, the company maintains a quick ratio of 0.67, a current ratio of 0.70, and a debt-to-equity ratio of 2.71.

About International Consolidated Airlines Group

International Consolidated Airlines Group S.A., along with its subsidiaries, is involved in providing passenger and cargo transportation services across the United Kingdom, Spain, the United States, and globally. Their offerings also include aircraft leasing, maintenance, tour operations, air freight services, call center operations, ground handling, retail management, IT services, finance, procurement, and airport infrastructure development. Additionally, they manage programs focused on airline loyalty.

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This alert was generated using advanced technology and data to ensure timely reporting. The information was reviewed before publication. Questions and comments can be sent to [email protected].

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