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

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

Amadeus IT Group Trading Down 3.3 %

OTCMKTS AMADY opened at $77.29 on Monday. Amadeus IT Group has a one year low of $59.28 and a one year high of $81.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $34.82 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.24 and a beta of 1.27. The stock’s 50-day moving average is $75.16 and its 200-day moving average is $72.77.

Wall Street Analysts Forecast Growth

AMADY has been the topic of several recent analyst reports. Sanford C. Bernstein raised shares of Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Morgan Stanley reissued an “overweight” rating on shares of Amadeus IT Group in a research report on Tuesday, March 11th. Finally, Hsbc Global Res upgraded shares of Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

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.