Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Short Interest Up 4,693.0% in May

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 121,935 shares, an increase of 4,693.0% from the April 30th total of 2,544 shares. Based on an average trading volume of 443,344 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Amadeus IT Group Stock Up 1.7%

Shares of OTCMKTS AMADY traded up $1.05 during midday trading on Wednesday, reaching $62.00. 48,309 shares of the company’s stock were exchanged, compared to its average volume of 219,933. Amadeus IT Group has a 52-week low of $54.75 and a 52-week high of $85.89. The stock has a market capitalization of $27.93 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.82 and a current ratio of 0.82. The business’s fifty day moving average price is $58.85 and its two-hundred day moving average price is $65.21.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings data on Friday, May 8th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. Amadeus IT Group had a return on equity of 28.48% and a net margin of 20.35%. Analysts forecast that Amadeus IT Group will post 4.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMADY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Amadeus IT Group in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amadeus IT Group in a research report on Friday, May 8th. Finally, Citigroup lowered Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Amadeus IT Group 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.