Global Business Travel Group, Inc. (NYSE:GBTG) Sees Significant Increase in Short Interest

Global Business Travel Group, Inc. (NYSE:GBTG) was the target of a large increase in short interest in 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. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 441,000 shares, the short-interest ratio is currently 4.9 days.

Institutional Investors Weigh In On Global Business Travel Group

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased 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 worth $43,000 after purchasing 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 worth $109,000. Ionic Capital Management LLC raised 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 acquiring an additional 108,619 shares during the period. Tidal Investments LLC bought a new stake in Global Business Travel Group in the 1st quarter valued at $3,383,000. Finally, Par Capital Management Inc. boosted its stake 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 worth $4,966,000 after purchasing an additional 228,149 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $6.45 on Thursday. The stock’s fifty day simple moving average is $6.21 and its 200 day simple moving average is $6.03. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.15. Global Business Travel Group has a 12 month low of $4.49 and a 12 month high of $7.47.

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.