American Airlines Group Short Interest Down 22.7% in July (AAL)
Shares of American Airlines Group (NASDAQ:AAL) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 15,121,612 shares, a decrease of 22.7% from the July 15th total of 19,571,686 shares, ARN reports. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 10,955,521 shares, the days-to-cover ratio is currently 1.4 days.
AAL has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of American Airlines Group from $57.50 to $55.50 in a research note on Thursday, July 31st. Separately, analysts at Goldman Sachs reiterated a “positive” rating on shares of American Airlines Group in a research note on Monday, July 28th. Finally, analysts at CRT Capital cut their price target on shares of American Airlines Group from $52.00 to $48.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $48.88.
Shares of American Airlines Group (NASDAQ:AAL) opened at 37.97 on Tuesday. American Airlines Group has a 1-year low of $15.28 and a 1-year high of $44.88. The stock has a 50-day moving average of $41.36 and a 200-day moving average of $38.31. The company’s market cap is $27.342 billion.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.93 by $0.05. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.31 billion. American Airlines Group’s revenue was up 76.1% compared to the same quarter last year. On average, analysts predict that American Airlines Group will post $5.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, July 31st.
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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