Is Buying Travelport Worldwide Limitedhares (NYSE:TVPT), Having Higher Short Interest a Winning Strategy?

June 13, 2018 - By Richard Conner

Travelport Worldwide Limited (NYSE:TVPT) Logo

The stock of Travelport Worldwide Limitedhares (NYSE:TVPT) registered an increase of 25.95% in short interest. TVPT’s total short interest was 2.33 million shares in June as published by FINRA. Its up 25.95% from 1.85M shares, reported previously. With 1.23 million shares average volume, it will take short sellers 2 days to cover their TVPT’s short positions. The short interest to Travelport Worldwide Limitedhares’s float is 1.88%.

The stock increased 0.99% or $0.185 during the last trading session, reaching $18.895. About 249,056 shares traded. Travelport Worldwide Limited (NYSE:TVPT) has risen 28.46% since June 13, 2017 and is uptrending. It has outperformed by 15.89% the S&P500.

Travelport Worldwide Limited, together with its subsidiaries, provides travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. The company has market cap of $2.38 billion. It facilitates travel commerce by connecting the airlines and hotel chains with online and offline travel agencies and other travel buyers through its proprietary business to business travel commerce platform. It has a 16.47 P/E ratio. The firm also provides distribution and merchandising solutions for hotel, car rental, rail, cruise-line, and tour operators; virtual account number payment solutions that automatically generate unique MasterCard numbers that are used to process payments; advertising solutions; and other platform services, such as subscription, processing, and business intelligence data services, as well as marketing-oriented analytical tools.

Travelport Worldwide Limited (NYSE:TVPT) Ratings Coverage

Among 7 analysts covering Travelport Worldwide (NYSE:TVPT), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Travelport Worldwide has $22 highest and $14.5 lowest target. $19’s average target is 0.56% above currents $18.895 stock price. Travelport Worldwide had 9 analyst reports since January 5, 2018 according to SRatingsIntel. The company was maintained on Wednesday, February 21 by Morgan Stanley. As per Friday, January 5, the company rating was downgraded by Evercore. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, May 4. Bank of America downgraded Travelport Worldwide Limited (NYSE:TVPT) on Tuesday, May 15 to “Neutral” rating. The firm earned “Outperform” rating on Friday, May 4 by Imperial Capital. The stock of Travelport Worldwide Limited (NYSE:TVPT) earned “Buy” rating by Deutsche Bank on Tuesday, March 27. On Wednesday, February 21 the stock rating was maintained by UBS with “Neutral”. The rating was maintained by Cowen & Co on Monday, March 26 with “Buy”.

Another recent and important Travelport Worldwide Limited (NYSE:TVPT) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Wix, AxoGen, YPF Sociedad Anonima, Orix Corp Ads, Travelport Worldwide …” on June 04, 2018.

Travelport Worldwide Limited (NYSE:TVPT) Ratings Chart

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