TUI shares on the rise: short sellers are withdrawing – bookings are booming!

TUI shares on the rise: short sellers are withdrawing – bookings are booming!

The TUI share, long hunted by short sellers, is now showing an impressive recovery and is forcing some of these investors to withdraw. According to a report by finance.net Hedge fund Marshall Wace LLP reduced its short position in TUI on October 30th. Qube Research & Technologies Limited, another hedge fund that bet on falling prices, also reduced its short positions. These decisions are a direct reaction to the positive price development of the TUI share.

The TUI share has experienced a remarkable upswing in recent months. While it has only increased by 10.8 percent so far this year, it has recorded an impressive 47 percent increase in the last three months alone. This development is important not only for investors, but also for the entire travel industry, which appears to be recovering after the challenges of recent years.

Strong booking figures as a driver

A key factor in the upturn in TUI shares is the company's strong booking figures. TUI reported a six percent increase in the number of guests on package holidays, with an increase of ten percent even being recorded in Germany. In addition, customers willingly paid higher prices, which was reflected in a three percent increase in average prices. This helps the company cover the increased costs and shows consumers' trust in the TUI brand.

On October 30, the TUI share was quoted on XETRA with an increase of 2.94 percent at 7.92 euros, after reaching a new annual high of 8.04 euros the day before. This positive development could mean that short sellers will have to monitor their positions even more closely in the future in order not to be surprised by further price gains.

A look into the future

Despite the withdrawal of some short sellers, TUI shares remain a popular target for short selling on the German stock market. However, the company's recent successes and positive market sentiment could lead to further shifting dynamics in the industry. MSN reports that the TUI share remains one of the most shorted stocks, which reflects the uncertainty about the future development of the share.

Overall, the TUI share shows that it is capable of recovering from the challenges of recent years and potentially ushering in a new era of growth. Investors and market observers will be following developments with interest in the coming months.