Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Up 26.6% in February

Global Business Travel Group, Inc. (NYSE:GBTG) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 13,089,095 shares, a growth of 26.6% from the January 29th total of 10,341,332 shares. Based on an average trading volume of 1,895,898 shares, the days-to-cover ratio is currently 6.9 days. Approximately 2.5% of the company’s shares are sold short. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 1,895,898 shares, the days-to-cover ratio is currently 6.9 days.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GBTG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Wall Street Zen upgraded Global Business Travel Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research raised shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Evercore boosted their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Finally, 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. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.25.

Institutional Trading of Global Business Travel Group

A number of large investors have recently modified their holdings of the company. Redwood Capital Management LLC purchased a new position in Global Business Travel Group during the 3rd quarter worth $173,347,000. Attestor Capital Ltd bought a new position in shares of Global Business Travel Group during the 4th quarter worth $67,917,000. Anchorage Capital Advisors L.P. purchased a new position in shares of Global Business Travel Group during the third quarter valued at $58,073,000. Monarch Alternative Capital LP purchased a new position in shares of Global Business Travel Group during the third quarter valued at $57,680,000. Finally, Vanguard Group Inc. raised its holdings in shares of Global Business Travel Group by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock valued at $106,010,000 after acquiring an additional 2,744,068 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Up 1.2%

Shares of NYSE GBTG traded up $0.07 during mid-day trading on Wednesday, reaching $5.73. The company had a trading volume of 2,242,441 shares, compared to its average volume of 1,752,254. The business’s 50-day moving average is $6.65 and its 200-day moving average is $7.46. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 286.50 and a beta of 0.77. Global Business Travel Group has a 52 week low of $4.95 and a 52 week high of $8.64.

About Global Business Travel Group

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.