American Airlines Group Sees Large Growth in Short Interest (AAL)
American Airlines Group (NASDAQ:AAL) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 16,241,686 shares, a growth of 7.4% from the July 31st total of 15,121,612 shares, American Banking News.com reports. Based on an average daily volume of 10,183,308 shares, the short-interest ratio is currently 1.6 days. Currently, 2.3% of the company’s shares are sold short.
Several analysts have recently commented on the stock. 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 given a buy rating to the stock. American Airlines Group has an average rating of “Buy” and an average price target of $48.88.
American Airlines Group (NASDAQ:AAL) opened at 38.881 on Monday. American Airlines Group has a 1-year low of $16.11 and a 1-year high of $44.88. The stock has a 50-day moving average of $40.08 and a 200-day moving average of $38.84. The company’s market cap is $27.998 billion.
American Airlines Group (NASDAQ:AAL) last released its earnings data on Thursday, July 24th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 76.1% on a year-over-year basis. Analysts expect that American Airlines Group will post $5.50 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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