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

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

International Consolidated Airlines Group Stock Performance

OTCMKTS BABWF opened at $6.17 on Thursday. The company has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $5.49. International Consolidated Airlines Group has a 12-month low of $4.57 and a 12-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.