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

Key Points

• Amadeus IT Group SA experienced a significant increase in short interest, rising by 121.7% in August, with a total of 5,100 shares shorted as of August 31st.
• Cantor Fitzgerald upgraded the stock to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.
• The company recently increased its dividend to $0.7645 per share, a notable boost from the previous $0.37, reflecting a yield of 134.0%.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 5,100 shares, an increase of 121.7% from the August 15th total of 2,300 shares. Based on an average daily trading volume, of 60,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 60,800 shares, the days-to-cover ratio is presently 0.1 days.

Amadeus IT Group Trading Down 0.0%

OTCMKTS:AMADY traded down $0.01 on Thursday, reaching $79.70. The company's stock had a trading volume of 28,941 shares, compared to its average volume of 46,851. Amadeus IT Group has a 12-month low of $68.44 and a 12-month high of $85.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 3.64 and a beta of 1.13. The stock has a 50 day moving average price of $82.32 and a 200 day moving average price of $80.60.

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

Amadeus IT Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 4th were issued a $0.7645 dividend. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 134.0%. This is a boost from Amadeus IT Group's previous dividend of $0.37. Amadeus IT Group's dividend payout ratio (DPR) is presently 47.84%.

Analyst Upgrades and Downgrades

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

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.