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

Global Business Travel Group, Inc. (NYSE:GBTG) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 3,260,000 shares, a decline of 9.4% from the August 15th total of 3,600,000 shares. Based on an average daily volume of 887,600 shares, the short-interest ratio is presently 3.7 days. Approximately 1.8% of the company’s stock are short sold.

Global Business Travel Group Stock Up 0.4 %

Shares of GBTG stock traded up $0.03 during mid-day trading on Tuesday, reaching $7.39. 1,220,966 shares of the company were exchanged, compared to its average volume of 506,124. The company has a market capitalization of $3.49 billion, a P/E ratio of -18.95 and a beta of 0.63. The business’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $6.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.65 and a current ratio of 1.65. Global Business Travel Group has a fifty-two week low of $4.49 and a fifty-two week high of $7.47.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.11. Global Business Travel Group had a negative net margin of 1.66% and a negative return on equity of 1.26%. The company had revenue of $625.00 million during the quarter, compared to analyst estimates of $643.97 million. Research analysts predict that Global Business Travel Group will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GBTG. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Global Business Travel Group during the second quarter worth $143,000. The Manufacturers Life Insurance Company raised its stake in Global Business Travel Group by 70.9% during the second quarter. The Manufacturers Life Insurance Company now owns 54,588 shares of the company’s stock worth $360,000 after acquiring an additional 22,650 shares during the period. Marshall Wace LLP bought a new position in Global Business Travel Group in the second quarter worth about $489,000. Amalgamated Bank boosted its stake in Global Business Travel Group by 299.1% in the second quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock valued at $29,000 after acquiring an additional 3,254 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Global Business Travel Group by 431.2% during the second quarter. Renaissance Technologies LLC now owns 105,700 shares of the company’s stock valued at $698,000 after purchasing an additional 85,800 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Analyst Upgrades and Downgrades

GBTG has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Citigroup boosted their price target on Global Business Travel Group from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

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.