November 18, 2016 - By Marie Mckinney · 0 Comments
The stock of Travelport Worldwide Limited (NYSE:TVPT) registered an increase of 7.91% in short interest. TVPT’s total short interest was 2.11 million shares in November as published by FINRA. Its up 7.91% from 1.96M shares, reported previously. With 687,300 shares average volume, it will take short sellers 3 days to cover their TVPT’s short positions. The short interest to Travelport Worldwide Limited’s float is 1.73%. About 205,971 shares traded hands. Travelport Worldwide Ltd (NYSE:TVPT) has declined 5.26% since April 18, 2016 and is downtrending. It has underperformed by 9.69% the S&P500.
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions for travel and tourism industry. The company has a market cap of $1.76 billion. The Firm connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business travel commerce platform. It has a 61.44 P/E ratio. It provides air distribution services to approximately 400 airlines around the globe, including approximately 120 low cost carriers (LCCs).
Out of 3 analysts covering Travelport Worldwide Limited (NYSE:TVPT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Travelport Worldwide Limited has been the topic of 3 analyst reports since December 22, 2015 according to StockzIntelligence Inc. Sterne Agee CRT reinitiated the shares of TVPT in a report on Wednesday, April 13 with “Buy” rating. The stock has “Neutral” rating given by Suntrust Robinson on Tuesday, December 22.
Travelport Worldwide Limited, incorporated on July 12, 2006, provides a travel commerce platform, which offers distribution, technology, payment and other solutions for travel and tourism industry. The Firm connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform. It provides air distribution services to approximately 400 airlines around the globe, including approximately 120 low cost carriers (LCCs). It distributes ancillaries for approximately 100 airlines. In addition, it serves various Beyond Air travel providers, including approximately 650,000 hotel properties (of which over 550,000 are independent hotel properties), over 36,000 car rental locations, approximately 60 cruise-line and tour operators, and over 10 rail networks across the world. It aggregates travel content across approximately 68,000 travel agency locations representing over 235,000 online and offline travel agency terminals across the world.
More notable recent Travelport Worldwide Ltd (NYSE:TVPT) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on September 25, 2014, also Bloomberg.com with their article: “Travelport Worldwide Gains in Debut After $480 Million IPO” published on September 25, 2014, Prnewswire.com published: “Travelport Worldwide Limited Reports Third Quarter 2016 Results” on November 03, 2016. More interesting news about Travelport Worldwide Ltd (NYSE:TVPT) were released by: Prnewswire.com and their article: “Travelport Worldwide Limited Reports Second Quarter 2016 Results” published on August 04, 2016 as well as Prnewswire.com‘s news article titled: “Travelport Worldwide Limited Confirms Date and Time for Third Quarter 2016 …” with publication date: October 04, 2016.
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By Marie Mckinney