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

International Consolidated Airlines Group S.A. (OTCMKTS:BABWF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,415,000 shares, a drop of 63.7% from the September 30th total of 3,893,500 shares. Based on an average trading volume of 21,500 shares, the days-to-cover ratio is presently 65.8 days.

International Consolidated Airlines Group Price Performance

BABWF stock opened at $2.61 on Friday. The stock has a 50-day moving average price of $2.46 and a two-hundred day moving average price of $2.23. International Consolidated Airlines Group has a 12-month low of $1.59 and a 12-month high of $2.90.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.