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American Airlines Group (NASDAQ:AAL) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 14,949,434 shares, a drop of 23.8% from the April 15th total of 19,628,953 shares, Analyst Ratings.Net reports. Based on an average daily volume of 11,537,262 shares, the days-to-cover ratio is presently 1.3 days. Currently, 3.2% of the shares of the stock are sold short.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of American Airlines Group in a research note on Monday, May 5th. They set a “buy” rating and a $45.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Airlines Group in a research note on Thursday, May 1st. They now have a $55.00 price target on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of American Airlines Group in a research note on Monday, April 28th. They now have a $42.00 price target on the stock, up previously from $40.00. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $44.12.

Shares of American Airlines Group (NASDAQ:AAL) opened at 38.84 on Thursday. American Airlines Group has a one year low of $15.28 and a one year high of $39.88. The stock has a 50-day moving average of $36.4 and a 200-day moving average of $31.31. The company’s market cap is $27.972 billion.

American Airlines Group (NASDAQ:AAL) last released its earnings data on Thursday, April 24th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. The company had revenue of $10.00 billion for the quarter, compared to the consensus estimate of $10.02 billion. The company’s revenue for the quarter was up 63.9% on a year-over-year basis. Analysts expect that American Airlines Group will post $5.15 EPS for the current fiscal year.

American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).

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