Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Grows By 731.5%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 635,300 shares, an increase of 731.5% from the November 30th total of 76,400 shares. Based on an average daily volume of 664,700 shares, the short-interest ratio is currently 1.0 days.

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS ICAGY traded down $0.03 during mid-day trading on Friday, hitting $7.62. The stock had a trading volume of 40,227 shares, compared to its average volume of 91,959. The company has a 50 day moving average of $6.48 and a two-hundred day moving average of $5.28. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a market cap of $18.60 billion, a PE ratio of 2.43, a PEG ratio of 0.72 and a beta of 2.23. International Consolidated Airlines Group has a twelve month low of $3.51 and a twelve month high of $7.79.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings data 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. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.21 billion. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%. Research analysts predict that International Consolidated Airlines Group will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

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

About International Consolidated Airlines Group

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.