Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG) was the recipient of a significant increase in short interest during the month of 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. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 441,000 shares, the short-interest ratio is presently 4.9 days.

Hedge Funds Weigh In On Global Business Travel Group

Several institutional investors and hedge funds have recently modified their holdings of GBTG. Tower Research Capital LLC TRC raised its position in Global Business Travel Group by 53.7% during the fourth 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 acquired a new stake in shares of Global Business Travel Group during the 1st quarter worth approximately $109,000. Ionic Capital Management LLC increased its holdings in shares of Global Business Travel Group by 480.1% during the 1st quarter. Ionic Capital Management LLC now owns 131,245 shares of the company’s stock valued at $789,000 after purchasing an additional 108,619 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Global Business Travel Group in the 1st quarter valued at $3,383,000. Finally, Par Capital Management Inc. boosted its holdings in Global Business Travel Group by 42.1% during the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after buying 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 Stock Performance

NYSE GBTG remained flat at $6.45 on Wednesday. 154,260 shares of the company were exchanged, compared to its average volume of 407,021. The business has a fifty day moving average of $6.20 and a 200 day moving average of $6.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.50 and a quick ratio of 1.50. Global Business Travel Group has a 52 week low of $4.49 and a 52 week high of $7.47.

About Global Business Travel Group

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.