Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,160,000 shares, an increase of 7.5% from the May 31st total of 2,010,000 shares. Based on an average daily volume of 441,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 1.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Express Co bought a new stake in shares of Global Business Travel Group in the 4th quarter worth about $1,017,721,000. Tidal Investments LLC bought a new stake in Global Business Travel Group during the first quarter worth about $3,383,000. Par Capital Management Inc. increased its holdings in shares of Global Business Travel Group by 42.1% during the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after buying an additional 228,149 shares in the last quarter. Ionic Capital Management LLC increased its holdings in shares of Global Business Travel Group by 480.1% during the first quarter. Ionic Capital Management LLC now owns 131,245 shares of the company’s stock worth $789,000 after buying an additional 108,619 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Global Business Travel Group in the first quarter valued at approximately $109,000. 82.46% of the stock is owned by institutional investors.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG traded up $0.14 during mid-day trading on Tuesday, hitting $6.44. The company had a trading volume of 667,443 shares, compared to its average volume of 408,804. Global Business Travel Group has a 12 month low of $4.49 and a 12 month high of $7.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $3.04 billion, a P/E ratio of -16.44 and a beta of 0.62. The business’s 50-day simple moving average is $6.20 and its 200-day simple moving average is $6.02.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.