Amadeus IT Group, S.A. (OTCMKTS:AMADY) Sees Large Increase in Short Interest

Amadeus IT Group, S.A. (OTCMKTS:AMADY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 22,000 shares, a growth of 61.8% from the February 28th total of 13,600 shares. Based on an average daily trading volume, of 102,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMADY shares. Sanford C. Bernstein upgraded Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Amadeus IT Group in a research report on Tuesday, March 11th. Finally, Hsbc Global Res raised shares of Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Amadeus IT Group Stock Down 3.3 %

Shares of OTCMKTS AMADY opened at $77.29 on Friday. Amadeus IT Group has a 12 month low of $59.28 and a 12 month high of $81.33. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.24 and a beta of 1.27. The business has a 50-day moving average of $75.16 and a 200-day moving average of $72.72.

Amadeus IT Group Company Profile

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.