trivago (NASDAQ:TRVG) Sees Large Growth in Short Interest

trivago (NASDAQ:TRVG) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 60,900 shares, a growth of 16.9% from the August 15th total of 52,100 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRVG. Quadrature Capital Ltd purchased a new position in shares of trivago in the 4th quarter valued at $67,000. BNP Paribas Financial Markets acquired a new position in trivago during the 1st quarter worth approximately $173,000. Tidal Investments LLC purchased a new position in trivago in the 1st quarter worth approximately $393,000. Finally, Acadian Asset Management LLC boosted its position in trivago by 10.3% in the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after buying an additional 67,053 shares during the last quarter. Hedge funds and other institutional investors own 4.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Susquehanna reduced their price objective on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. StockNews.com initiated coverage on shares of trivago in a report on Monday, September 9th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.75.

trivago Stock Performance

trivago stock opened at $1.80 on Tuesday. trivago has a 1 year low of $1.76 and a 1 year high of $5.90. The firm has a 50 day moving average price of $2.04 and a 200 day moving average price of $2.28. The company has a market cap of $125.68 million, a price-to-earnings ratio of -0.64 and a beta of 1.62.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. The business had revenue of $127.62 million for the quarter, compared to analyst estimates of $127.25 million. During the same period last year, the company posted $0.10 EPS. Sell-side analysts predict that trivago will post -0.1 EPS for the current year.

trivago Company Profile

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.