Time to Reconsider Travelport Worldwide Limitedhares (NYSE:TVPT) After More Short Sellers?

June 13, 2018 - By Francisco Lee

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 2.33M shares in June as published by FINRA. Its up 25.95% from 1.85 million shares, reported previously. With 1.23M 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 stock has “Neutral” rating by Bank of America on Tuesday, May 15. UBS maintained the stock with “Neutral” rating in Wednesday, February 21 report. Cowen & Co maintained Travelport Worldwide Limited (NYSE:TVPT) on Monday, March 26 with “Buy” rating. Morgan Stanley maintained Travelport Worldwide Limited (NYSE:TVPT) rating on Friday, May 4. Morgan Stanley has “Equal-Weight” rating and $18 target. Morgan Stanley maintained Travelport Worldwide Limited (NYSE:TVPT) on Wednesday, February 21 with “Equal-Weight” rating. Imperial Capital maintained Travelport Worldwide Limited (NYSE:TVPT) rating on Friday, May 4. Imperial Capital has “Outperform” rating and $22 target. Evercore downgraded the shares of TVPT in report on Friday, January 5 to “Underperform” rating. Deutsche Bank maintained the shares of TVPT in report on Tuesday, March 27 with “Buy” rating.

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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