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

International Consolidated Airlines Group S.A. (OTCMKTS:BABWF) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 287,989 shares, a decline of 32.4% from the June 30th total of 426,272 shares. Based on an average trading volume of 1,296 shares, the short-interest ratio is currently 222.2 days.

International Consolidated Airlines Group Stock Performance

Shares of BABWF stock opened at $5.42 on Friday. The business has a 50-day moving average of $5.74 and a 200 day moving average of $5.51. International Consolidated Airlines Group has a 1-year low of $4.57 and a 1-year high of $6.65.

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.