Short Interest in Global Business Travel Group, Inc. (NYSE:GBTG) Increases By 25.8%

Global Business Travel Group, Inc. (NYSE:GBTG) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 10,306,221 shares, an increase of 25.8% from the December 15th total of 8,194,852 shares. Based on an average daily trading volume, of 1,883,603 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.0% of the shares of the company are sold short. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,883,603 shares, the days-to-cover ratio is presently 5.5 days.

Global Business Travel Group Price Performance

GBTG stock traded down $0.01 during midday trading on Monday, reaching $7.64. 931,962 shares of the company’s stock traded hands, compared to its average volume of 1,046,726. The company has a 50-day simple moving average of $7.70 and a two-hundred day simple moving average of $7.64. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Global Business Travel Group has a 1-year low of $5.78 and a 1-year high of $9.07. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 382.00 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company had revenue of $674.00 million during the quarter, compared to the consensus estimate of $615.39 million. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that Global Business Travel Group will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GBTG shares. Morgan Stanley increased their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Zacks Research upgraded Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Evercore ISI lifted their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.25.

Institutional Trading of Global Business Travel Group

Several hedge funds have recently added to or reduced their stakes in GBTG. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group during the 3rd quarter worth approximately $26,000. CWM LLC raised its stake in Global Business Travel Group by 262.6% in the 2nd quarter. CWM LLC now owns 6,298 shares of the company’s stock valued at $40,000 after acquiring an additional 4,561 shares during the period. Advisory Services Network LLC acquired a new stake in Global Business Travel Group during the 3rd quarter valued at $61,000. Creative Planning acquired a new stake in Global Business Travel Group during the 2nd quarter valued at $67,000. Finally, Quadrature Capital Ltd bought a new position in Global Business Travel Group during the second quarter worth $71,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Company Profile

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.