Travelport Worldwide Limited (NYSE:TVPT) encountered a drop of 18.8% or -477,278 shares in the short positions. The number dropped from 2,535,349 on May 31,2016 to 2,058,071 on June 15,2016. The final interest is 1.7% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 773,121 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Travelport Worldwide Limited (NYSE:TVPT): The stock opened at $11.97 on Friday but the bulls could not build on the opening and the stock topped out at $12.41 for the day. The stock traded down to $11.82 during the day, due to lack of any buying support eventually closed down at $11.82 with a loss of -9.43% for the day. The stock had closed at $13.05 on the previous day. The total traded volume was 3,934,606 shares.
The company shares have dropped -12.70% from its 1 Year high price. On Sep 21, 2015, the shares registered one year high at $15.34 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $13.07 and the 200 Day Moving Average price is recorded at $12.82.
Travelport Worldwide Limited (NYSE:TVPT) has tumbled 4.06% during the past week and has dropped 11.2% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.47%. Travelport Worldwide Limited (NYSE:TVPT) has underperformed the index by 8.51% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions. The Company 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 world, including approximately 100 low cost carriers (LCCs). It distributes ancillaries for 25 airlines. In addition, it serves various Beyond Air travel providers, including over 650,000 hotel properties (of which over 550,000 are independent hotel properties), over 35,000 car rental locations and 61 cruise-line and tour operators. Its travel commerce platform, Air, provides real-time search, pricing, booking, change, payment and itinerary creation for travelers who use the services of online and offline travel agencies for both leisure and business travel.