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

International Consolidated Airlines Group S.A. (OTCMKTS:BABWF) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,161,805 shares, a decrease of 82.6% from the April 30th total of 6,663,716 shares. Based on an average daily trading volume, of 10,843 shares, the short-interest ratio is presently 107.1 days.

International Consolidated Airlines Group Price Performance

OTCMKTS BABWF opened at $5.00 on Thursday. The company has a fifty day simple moving average of $5.10 and a 200 day simple moving average of $5.35. International Consolidated Airlines Group has a 1 year low of $4.20 and a 1 year high of $6.00.

International Consolidated Airlines Group Company Profile

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.