Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Shares Shorted: Short Interest Up 150.5% in October

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 28,173 shares, a growth of 150.5% from the October 15th total of 11,246 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 98,380 shares, the days-to-cover ratio is presently 0.3 days.

Amadeus IT Group Trading Up 1.0%

OTCMKTS AMADY traded up $0.66 during trading hours on Friday, reaching $69.03. The company’s stock had a trading volume of 162,120 shares, compared to its average volume of 61,182. The firm has a fifty day simple moving average of $62.86 and a 200-day simple moving average of $61.18. The stock has a market cap of $29.79 billion, a P/E ratio of 19.12, a P/E/G ratio of 3.51 and a beta of 0.92. Amadeus IT Group has a 52 week low of $54.60 and a 52 week high of $77.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.74.

Amadeus IT Group (OTCMKTS:AMADY) last posted its earnings results on Friday, November 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Amadeus IT Group had a net margin of 19.85% and a return on equity of 30.93%. Equities analysts forecast that Amadeus IT Group will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMADY shares. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a research note on Sunday, August 2nd. Zacks Research cut Amadeus IT Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Finally, Deutsche Bank raised Amadeus IT Group to a “buy” rating in a report on Wednesday, September 16th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Amadeus IT Group currently has an average rating of “Hold”.

Amadeus IT Group Company Profile

Amadeus IT Group is a travel technology company that develops software and transaction platforms for travel providers and sellers. Its services support functions such as travel search, reservations, booking, ticketing and management of travel operations. The company serves airlines, travel agencies, hotels, airports, rail operators and other participants in the travel industry. Its technology helps connect travel suppliers with distribution channels and supports providers’ operational and customer-facing systems.