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

Amadeus IT Group, S.A. (OTCMKTS:AMADY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 5,500 shares, a drop of 32.9% from the May 15th total of 8,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 58,600 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMADY shares. Morgan Stanley reiterated an "overweight" rating on shares of Amadeus IT Group in a report on Tuesday, March 11th. Sanford C. Bernstein upgraded shares of Amadeus IT Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd.

Amadeus IT Group Price Performance

Shares of OTCMKTS:AMADY opened at $81.47 on Tuesday. Amadeus IT Group has a twelve month low of $60.39 and a twelve month high of $85.89. The company's 50 day moving average is $80.30 and its 200 day moving average is $75.88. 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 company has a market cap of $36.70 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.71 billion. Amadeus IT Group had a return on equity of 27.30% and a net margin of 20.20%. On average, sell-side analysts forecast that Amadeus IT Group will post 2.99 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.