Trivago N.V. ADS (NASDAQ:TRVG) Sees Large Decrease in Short Interest

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 recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 69,500 shares, adecreaseof56.3% from the July 15th total of 159,200 shares. Based on an average trading volume of 81,800 shares, the days-to-cover ratio is presently 0.8 days. Approximately0.3% of the shares of the stock are short sold. Approximately0.3% of the shares of the stock are short sold. Based on an average trading volume of 81,800 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Trivago N.V. ADS

Hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in Trivago N.V. ADS in the second quarter valued at about $40,000. Bank of America Corp DE grew its position in shares of Trivago N.V. ADS by 2,050.1% during the 2nd quarter. Bank of America Corp DE now owns 11,417 shares of the technology company's stock worth $43,000 after buying an additional 10,886 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Trivago N.V. ADS during the 1st quarter worth about $75,000. Quadrature Capital Ltd acquired a new position in shares of Trivago N.V. ADS during the 2nd quarter worth about $73,000. Finally, Jump Financial LLC acquired a new position in shares of Trivago N.V. ADS during the 2nd quarter worth about $94,000. Institutional investors own 4.50% of the company's stock.

Analysts Set New Price Targets

TRVG has been the subject of several recent analyst reports. UBS Group increased their price objective on Trivago N.V. ADS from $3.10 to $3.40 and gave the stock a "neutral" rating in a research note on Monday, April 28th. B. Riley upgraded Trivago N.V. ADS from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $4.00 to $5.50 in a research note on Thursday, May 1st. Susquehanna dropped their price objective on Trivago N.V. ADS from $5.50 to $4.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Wall Street Zen cut Trivago N.V. ADS from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Trivago N.V. ADS has a consensus rating of "Hold" and an average target price of $4.35.

Trivago N.V. ADS Trading Up 4.6%

Trivago N.V. ADS stock traded up $0.1450 during mid-day trading on Friday, hitting $3.3150. The stock had a trading volume of 22,334 shares, compared to its average volume of 124,914. The stock has a 50-day simple moving average of $3.73 and a two-hundred day simple moving average of $4.03. The stock has a market capitalization of $233.30 million, a PE ratio of -331.50 and a beta of 1.44. Trivago N.V. ADS has a 12 month low of $1.60 and a 12 month high of $5.83.

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.