Amadeus IT Group, S.A. (OTCMKTS:AMADY) Short Interest Up 300.0% in November

Amadeus IT Group, S.A. (OTCMKTS:AMADY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 8,800 shares, an increase of 300.0% from the October 31st total of 2,200 shares. Based on an average daily volume of 79,900 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein downgraded shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Amadeus IT Group Trading Down 0.2 %

Shares of AMADY traded down $0.14 during midday trading on Wednesday, hitting $69.18. The company had a trading volume of 31,513 shares, compared to its average volume of 39,033. Amadeus IT Group has a 52 week low of $58.51 and a 52 week high of $75.12. The company’s 50 day moving average price is $72.05 and its 200 day moving average price is $69.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.

About Amadeus IT Group

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.