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

trivago (NASDAQ:TRVG - Get Free Report) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 155,500 shares, a drop of 29.9% from the May 15th total of 221,900 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 153,100 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On trivago

Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in trivago during the first quarter worth about $75,000. NewEdge Advisors LLC acquired a new stake in trivago during the first quarter worth about $258,000. Bosun Asset Management LLC acquired a new stake in trivago during the first quarter worth about $328,000. Compagnie Lombard Odier SCmA grew its stake in trivago by 150.0% during the first quarter. Compagnie Lombard Odier SCmA now owns 150,000 shares of the technology company's stock worth $615,000 after buying an additional 90,000 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in trivago during the fourth quarter worth about $628,000. 4.50% of the stock is currently owned by institutional investors and hedge funds.

trivago Stock Performance

TRVG stock opened at $3.90 on Tuesday. The company's 50-day simple moving average is $4.17 and its 200 day simple moving average is $3.63. trivago has a 52 week low of $1.60 and a 52 week high of $5.83. The company has a market capitalization of $274.20 million, a PE ratio of -390.00 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRVG shares. Wall Street Zen upgraded shares of trivago from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 12th. B. Riley upgraded shares of trivago from a "neutral" rating to a "buy" rating and raised their target price for the stock from $4.00 to $5.50 in a research note on Thursday, May 1st. Susquehanna raised their target price on shares of trivago from $3.50 to $5.50 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group raised their target price on shares of trivago from $3.10 to $3.40 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Citigroup raised their target price on shares of trivago from $2.60 to $4.50 and gave the stock a "neutral" rating in a research note on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.73.

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.

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