Short Interest in International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) Grows By 2,500.0%

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 13,000 shares, a growth of 2,500.0% from the March 15th total of 500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 263,400 shares, the days-to-cover ratio is currently 0.0 days.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY stock opened at $6.43 on Tuesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.70 and a quick ratio of 0.67. The firm has a 50-day moving average of $7.62 and a 200-day moving average of $7.02. International Consolidated Airlines Group has a one year low of $3.86 and a one year high of $9.11. The company has a market cap of $15.39 billion, a P/E ratio of 2.05, a P/E/G ratio of 0.69 and a beta of 1.92.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings data on Friday, February 28th. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. The firm had revenue of $8.58 billion during the quarter, compared to analyst estimates of $7.62 billion. Equities research analysts forecast that International Consolidated Airlines Group will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICAGY has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Sanford C. Bernstein cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Barclays lowered International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, International Consolidated Airlines Group currently has an average rating of “Hold”.

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.