Short Interest in Trivago N.V. ADS (NASDAQ:TRVG) Declines By 56.3%

Key Points

• Trivago N.V. ADS (NASDAQ:TRVG) experienced a significant decline in short interest, decreasing by 56.3% to 69,500 shares as of July 31st.
• The stock's market cap is $236.24 million with a current trading price of $3.36, showing a 12-month high of $5.83 and a low of $1.60.
• Analysts have mixed opinions, with some raising price targets to $5.50 while others have downgraded the stock to a "hold" rating, resulting in an average target price of $4.35.

Trivago N.V. ADS (NASDAQ:TRVG - Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 69,500 shares, adeclineof56.3% from the July 15th total of 159,200 shares. Currently,0.3% of the shares of the company are sold short. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.8 days. Currently,0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Susquehanna lowered their target price on shares of Trivago N.V. ADS from $5.50 to $4.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Trivago N.V. ADS from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. B. Riley raised shares of Trivago N.V. ADS from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $4.00 to $5.50 in a report on Thursday, May 1st. Finally, UBS Group boosted their price objective on shares of Trivago N.V. ADS from $3.10 to $3.40 and gave the stock a "neutral" rating in a report on Monday, April 28th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $4.35.

Trivago N.V. ADS Price Performance

TRVG traded down $0.01 during midday trading on Wednesday, reaching $3.21. 32,045 shares of the company's stock were exchanged, compared to its average volume of 126,241. The stock has a market capitalization of $225.92 million, a PE ratio of -321.00 and a beta of 1.44. The business's 50-day moving average price is $3.76 and its 200 day moving average price is $4.04. Trivago N.V. ADS has a 1-year low of $1.60 and a 1-year high of $5.83.

Hedge Funds Weigh In On Trivago N.V. ADS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRVG. Walleye Capital LLC acquired a new position in shares of Trivago N.V. ADS in the second quarter valued at approximately $40,000. Bank of America Corp DE increased its position in Trivago N.V. ADS by 2,050.1% during the second quarter. Bank of America Corp DE now owns 11,417 shares of the technology company's stock worth $43,000 after purchasing an additional 10,886 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Trivago N.V. ADS during the first quarter worth approximately $75,000. Quadrature Capital Ltd acquired a new position in Trivago N.V. ADS during the second quarter worth approximately $73,000. Finally, Jump Financial LLC acquired a new position in Trivago N.V. ADS during the second quarter worth approximately $94,000. Institutional investors and hedge funds own 4.50% of the company's stock.

About Trivago N.V. ADS

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.