Short Interest in Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Increases By 199.6%

Key Points

• Short interest in Amadeus IT Group’s ADR rose 199.6% to 25,381 shares as of July 31, up from 8,472 shares two weeks earlier. Despite the increase, short interest remains negligible at 0.0% of shares, with a 0.1-day days-to-cover ratio.
• Analyst views are mixed: three analysts rate the stock a Buy, two recommend Hold, and one rates it Sell. The overall consensus rating is Hold, following Kepler’s downgrade to Strong Sell and bullish ratings from Morgan Stanley and Jefferies.
• Amadeus exceeded quarterly expectations, reporting $1.03 in EPS versus the $1.01 consensus and revenue of $1.92 billion versus $1.89 billion expected. Shares opened at $65.99, compared with a 12-month range of $54.60 to $85.23.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 25,381 shares, an increase of 199.6% from the July 15th total of 8,472 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 205,343 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

AMADY has been the subject of several research analyst reports. Kepler Capital Markets lowered shares of Amadeus IT Group from a "hold" rating to a "strong sell" rating in a research note on Monday, June 29th. Morgan Stanley reissued an "overweight" rating on shares of Amadeus IT Group in a research note on Monday, May 11th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Amadeus IT Group Price Performance

Shares of OTCMKTS:AMADY opened at $65.99 on Thursday. Amadeus IT Group has a twelve month low of $54.60 and a twelve month high of $85.23. The stock's 50 day moving average is $59.85 and its 200-day moving average is $60.05. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.73 and a beta of 0.82.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. Amadeus IT Group had a net margin of 19.86% and a return on equity of 29.39%. Sell-side analysts forecast that Amadeus IT Group will post 3.94 EPS for the current fiscal year.

Amadeus IT Group Company Profile

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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