Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Sees Large Drop in Short Interest

Key Points

• Amadeus IT Group experienced a significant decrease in short interest, dropping by 59.1% in July, with total short interest at just 2,700 shares as of July 31st.
• Analysts are optimistic about Amadeus, with Cantor Fitzgerald upgrading the stock to a "strong-buy" rating and forecasting an earnings per share (EPS) of 2.99 for the current fiscal year.
• The company recently declared a dividend of $0.7645 per share, a substantial increase from the previous $0.37, leading to a dividend yield of 134.0%.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,700 shares, adecreaseof59.1% from the July 15th total of 6,600 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 61,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 61,100 shares, the days-to-cover ratio is currently 0.0 days. Currently,0.0% of the shares of the company are sold short.

Amadeus IT Group Stock Performance

AMADY traded down $0.56 during trading on Thursday, reaching $83.24. 35,089 shares of the company were exchanged, compared to its average volume of 35,704. Amadeus IT Group has a 52 week low of $65.4750 and a 52 week high of $85.89. The stock has a market cap of $37.50 billion, a P/E ratio of 25.69, a PEG ratio of 3.01 and a beta of 1.16. The firm has a 50 day moving average of $82.39 and a 200 day moving average of $79.58. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). Amadeus IT Group had a return on equity of 27.73% and a net margin of 21.08%.The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, sell-side analysts forecast that Amadeus IT Group will post 2.99 EPS for the current fiscal year.

Amadeus IT Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 4th were paid a $0.7645 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This is a positive change from Amadeus IT Group's previous dividend of $0.37. This represents a dividend yield of 134.0%. Amadeus IT Group's dividend payout ratio (DPR) is currently 47.84%.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald upgraded Amadeus IT Group to a "strong-buy" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

About Amadeus IT Group

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.