Short Interest in American Airlines Group Rises By 17.3% (AAL)
Shares of American Airlines Group (NASDAQ:AAL) saw a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 14,103,543 shares, a growth of 17.3% from the May 30th total of 12,021,916 shares, American Banking and Market News reports. Based on an average daily trading volume, of 13,773,384 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.0% of the company’s shares are sold short.
A number of research firms have recently commented on AAL. Analysts at Goldman Sachs raised their price target on shares of American Airlines Group from $43.59 to $50.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.13.
Shares of American Airlines Group (NASDAQ:AAL) opened at 44.00 on Monday. American Airlines Group has a 1-year low of $15.28 and a 1-year high of $44.88. The stock’s 50-day moving average is $41.13 and its 200-day moving average is $35.. The company’s market cap is $31.689 billion.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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. American Airlines Group’s revenue was up 63.9% compared to the same quarter last year. Analysts expect that American Airlines Group will post $5.27 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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