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 large growth in short interest in the month of May. As of May 15th, there was short interest totaling 121,935 shares, a growth of 4,693.0% from the April 30th total of 2,544 shares. Based on an average daily volume of 443,344 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Amadeus IT Group Stock Performance

Shares of OTCMKTS AMADY traded up $1.05 during midday trading on Wednesday, hitting $62.00. 48,309 shares of the company’s stock were exchanged, compared to its average volume of 219,933. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50 day moving average price is $58.85 and its 200-day moving average price is $65.21. The firm has a market cap of $27.93 billion, a P/E ratio of 17.56, a PEG ratio of 2.35 and a beta of 0.77. Amadeus IT Group has a twelve month low of $54.75 and a twelve month high of $85.89.

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

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.