International Consolidated Airlines Group S.A. Sees Major Decrease in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:ICAGY - Get Free Report) experienced a notable reduction in short interest during March. By March 15th, the total short interest had fallen to 500 shares, marking an impressive decline of 83.3% from the total of 3,000 shares reported at the end of February. Currently, short sales account for approximately 0.0% of the company’s total shares. Given an average trading volume of 429,900 shares, the short-interest ratio stands at 0.0 days.

Current Stock Performance

On Wednesday, the stock of ICAGY dipped by $0.10, bringing its price down to $7.56. The trading volume recorded during the day was 28,114 shares, which is significantly lower than the average volume of 150,732 shares. Over the past year, International Consolidated Airlines Group has seen its stock price reach a low of $3.86 and a high of $9.11. The company has a market capitalization of $18.17 billion, a price-to-earnings (P/E) ratio of 2.41, and a price-to-earnings-growth (PEG) ratio of 0.69. The stock also has a beta of 2.16. In terms of moving averages, the last 50-day simple moving average is $8.13, while the 200-day simple moving average stands at $6.89. Financial health indicators show a debt-to-equity ratio of 2.71, a current ratio of 0.70, and a quick ratio of 0.67.

International Consolidated Airlines Group recently reported its quarterly earnings on February 28th, revealing earnings per share (EPS) of $0.28 for the quarter. This figure surpasses analysts' consensus estimate of $0.21 by $0.07. The revenue for the quarter was reported at $8.58 billion, exceeding predictions of $7.62 billion. The company achieved a return on equity of 138.31% and noted a net margin of 9.12%. Analysts predict that the company will post an EPS of 1.07 for the current fiscal year.

Analyst Ratings Overview

About International Consolidated Airlines Group

International Consolidated Airlines Group S.A., along with its subsidiaries, offers both passenger and cargo transportation services across the UK, Spain, the United States, and other regions globally. In addition to these services, the company provides aircraft leasing, maintenance, tour operations, air freight, ground handling, retail solutions, IT services, financial services, procurement, and manages airline loyalty programs.

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