Short Interest in Angi Inc. (NASDAQ:ANGI) Increases By 20.2%

Angi Inc. (NASDAQ:ANGI - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,550,000 shares, a growth of 20.2% from the March 15th total of 1,290,000 shares. Based on an average daily trading volume, of 445,800 shares, the days-to-cover ratio is presently 3.5 days. Approximately 43.8% of the shares of the company are short sold.

Institutional Trading of Angi

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of Angi by 16.8% in the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock valued at $85,000 after buying an additional 7,340 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after purchasing an additional 7,944 shares in the last quarter. Barclays PLC boosted its holdings in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after purchasing an additional 15,191 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Angi in the fourth quarter valued at approximately $27,000. Finally, PNC Financial Services Group Inc. lifted its position in Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after buying an additional 17,605 shares in the last quarter. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Price Performance

NASDAQ:ANGI traded down $0.22 during trading hours on Friday, hitting $12.32. 749,649 shares of the stock were exchanged, compared to its average volume of 230,096. The firm's fifty day moving average price is $14.73 and its 200 day moving average price is $17.96. Angi has a 52-week low of $11.00 and a 52-week high of $29.15. The company has a market cap of $612.64 million, a P/E ratio of 154.02 and a beta of 1.88. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ANGI shares. JMP Securities dropped their price target on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. Citigroup cut their price target on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday. Royal Bank of Canada lowered their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Finally, StockNews.com raised Angi from a "hold" rating to a "buy" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.25.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.