British Airways and Delta Seeing Short Covering - trackseekingalpha

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British Airways and Delta Seeing Short Covering
Mar 30, 2009 07:16 AM UTC

trackseekingalpha

Return	Risk
-11.17%	HIGH

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Symbol	Sentiment	Start	Return	Closed
BAY	n/a

Via Short Stock Ideas from Seeking Alpha:

British Airways (BAY), which released a Traffic Report Friday, has seen a wide amount of short covering-- down from 4% of the company on loan in early February to 1.7% now. This is in line with a slight rebound in price, from 120p ($12) to 140p ($19.8) in the same time frame. Prior to this, the price dropped from 180p ($25) to 110p ($15) between December and late January, as investors increased positions from 3% to 4%. [(BAIRY.PK) is trading at $19.80 as of Friday]

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