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

International Consolidated Airlines Group S.A. (OTCMKTS:BABWF) saw a significant 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 short-interest ratio is currently 57.1 days.

International Consolidated Airlines Group Price Performance

Shares of OTCMKTS BABWF opened at $6.17 on Tuesday. The firm has a fifty day moving average of $5.57 and a 200-day moving average of $5.48. International Consolidated Airlines Group has a 52-week low of $4.57 and a 52-week 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.