Short Interest in Global Business Travel Group, Inc. (NYSE:GBTG) Decreases By 9.2%

Global Business Travel Group, Inc. (NYSE:GBTG) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,390,000 shares, a decline of 9.2% from the March 31st total of 1,530,000 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 156,400 shares, the short-interest ratio is presently 8.9 days.

Global Business Travel Group Stock Performance

GBTG remained flat at $6.05 during trading on Wednesday. 940,475 shares of the company’s stock traded hands, compared to its average volume of 173,676. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -14.85 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.12. Global Business Travel Group has a 12 month low of $4.49 and a 12 month high of $8.05. The business has a fifty day moving average of $5.86 and a 200-day moving average of $5.84.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $549.00 million during the quarter, compared to analysts’ expectations of $540.21 million. Global Business Travel Group had a negative net margin of 2.71% and a negative return on equity of 4.81%. As a group, equities analysts expect that Global Business Travel Group will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Business Travel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Global Business Travel Group by 53.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock valued at $43,000 after buying an additional 2,323 shares during the period. Bank of New York Mellon Corp raised its position in Global Business Travel Group by 10.6% in the third quarter. Bank of New York Mellon Corp now owns 95,671 shares of the company’s stock worth $526,000 after acquiring an additional 9,197 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Global Business Travel Group in the third quarter valued at $157,000. Carronade Capital Management LP boosted its position in shares of Global Business Travel Group by 5.4% during the 3rd quarter. Carronade Capital Management LP now owns 3,473,562 shares of the company’s stock worth $19,105,000 after purchasing an additional 176,404 shares in the last quarter. Finally, Par Capital Management Inc. boosted its position in shares of Global Business Travel Group by 42.1% during the 4th quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after purchasing an additional 228,149 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

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.