International Consolidated Airlines Group S.A. (OTCMKTS:BABWF) Sees Significant Decline in Short Interest

International Consolidated Airlines Group S.A. (OTCMKTS:BABWF) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 426,272 shares, a decrease of 56.0% from the June 15th total of 968,608 shares. Based on an average trading volume of 7,461 shares, the short-interest ratio is presently 57.1 days.

International Consolidated Airlines Group Stock Performance

Shares of BABWF stock opened at $6.17 on Wednesday. The business’s 50 day moving average is $5.59 and its two-hundred day moving average is $5.48. International Consolidated Airlines Group has a twelve month low of $4.57 and a twelve month high of $6.65.

About International Consolidated Airlines Group

International Consolidated Airlines Group (OTCMKTS:BABWF), commonly known as IAG, is a London‐based multinational airline holding company formed in January 2011 through the merger of British Airways and Iberia. The group provides passenger air transport services across short-haul and long-haul routes, operates cargo divisions, and offers aircraft maintenance, repair and overhaul (MRO) services. IAG additionally manages loyalty and financial services programs, including its Avios frequent flyer currency, to complement its core aviation activities.

IAG’s airline portfolio comprises British Airways, Iberia, Aer Lingus, Vueling and Level, with a pending acquisition of Air Europa to further strengthen its presence in key markets.