Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 3,940,000 shares, an increase of 64.9% from the June 30th total of 2,390,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily volume of 784,900 shares, the days-to-cover ratio is presently 5.0 days.
Hedge Funds Weigh In On Global Business Travel Group
Several hedge funds and other institutional investors have recently made changes to their positions in GBTG. Tower Research Capital LLC TRC raised its stake in Global Business Travel Group by 53.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock valued at $43,000 after acquiring an additional 2,323 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Global Business Travel Group during the first quarter valued at about $109,000. Ionic Capital Management LLC lifted its holdings in Global Business Travel Group by 480.1% in the first quarter. Ionic Capital Management LLC now owns 131,245 shares of the company’s stock worth $789,000 after purchasing an additional 108,619 shares during the period. Tidal Investments LLC bought a new position in Global Business Travel Group in the 1st quarter valued at about $3,383,000. Finally, Par Capital Management Inc. grew its position in Global Business Travel Group by 42.1% in the 4th quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock valued at $4,966,000 after buying an additional 228,149 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.
Global Business Travel Group Trading Up 0.4 %
Global Business Travel Group stock opened at $6.73 on Friday. Global Business Travel Group has a 52-week low of $4.49 and a 52-week high of $7.25. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -17.26 and a beta of 0.62. The firm has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $6.07.
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.
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