Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,160,000 shares, an increase of 7.5% from the May 31st total of 2,010,000 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 441,000 shares, the days-to-cover ratio is presently 4.9 days.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds have recently made changes to their positions in GBTG. Tidal Investments LLC purchased a new stake in Global Business Travel Group in the first quarter worth about $3,383,000. Ionic Capital Management LLC grew its stake in shares of Global Business Travel Group by 480.1% in the 1st quarter. Ionic Capital Management LLC now owns 131,245 shares of the company’s stock worth $789,000 after buying an additional 108,619 shares during the last quarter. Vanguard Group Inc. increased its position in Global Business Travel Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 971,900 shares of the company’s stock valued at $5,841,000 after buying an additional 10,446 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Global Business Travel Group during the first quarter valued at $109,000. Finally, Par Capital Management Inc. boosted its holdings in Global Business Travel Group by 42.1% in the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after acquiring an additional 228,149 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Stock Up 2.3 %

Global Business Travel Group stock traded up $0.14 during trading hours on Tuesday, hitting $6.44. 667,443 shares of the stock traded hands, compared to its average volume of 408,804. Global Business Travel Group has a one year low of $4.49 and a one year high of $7.47. The company has a market cap of $3.04 billion, a PE ratio of -16.44 and a beta of 0.62. The firm’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $6.02. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.15.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.