Short Interest in Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Declines By 16.9%

Key Points

• Short interest fell 16.9% to 93,981 shares as of March 31, leaving a days-to-cover ratio of 0.1 and roughly 0.0% of shares short.
• Quarterly results beat expectations—$0.84 EPS vs. $0.76 estimate and $1.91B revenue vs. $1.89B—while ROE was 27.61% and net margin 20.45%.
• Analyst view and price action: Citigroup downgraded Amadeus to a "hold," but the stock was trading up about 3.7% (opened $60.83) and the consensus rating remains a "Moderate Buy" with a $27.4B market cap.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 93,981 shares, a decrease of 16.9% from the March 15th total of 113,122 shares. Based on an average daily trading volume, of 646,593 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Amadeus IT Group Trading Up 3.7%

Shares of AMADY stock opened at $60.83 on Thursday. The stock has a market cap of $27.40 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.31 and a beta of 0.79. The stock has a 50-day moving average of $58.79 and a 200-day moving average of $68.83. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52. Amadeus IT Group has a 1-year low of $54.75 and a 1-year high of $85.89.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.89 billion. Amadeus IT Group had a return on equity of 27.61% and a net margin of 20.45%. On average, equities research analysts forecast that Amadeus IT Group will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citigroup downgraded Amadeus IT Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

About Amadeus IT Group

Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company's platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.

Amadeus's product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.

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