Trivago N.V. ADS (NASDAQ:TRVG) Short Interest Down 35.8% in August

Key Points

• Trivago N.V. ADS (NASDAQ: TRVG) experienced a significant decline in short interest, falling by 35.8% from 152,000 to 97,600 shares in August.
• Equities analysts have downgraded Trivago's stock rating, with Susquehanna lowering the target price from $5.50 to $4.00 and one analyst issuing a Buy rating.
• The stock's recent performance shows an upward movement of 3.0%, with a current price of $3.38, compared to a 52-week low of $1.60.

Trivago N.V. ADS (NASDAQ:TRVG - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 97,600 shares, a decrease of 35.8% from the August 15th total of 152,000 shares. Currently, 0.4% of the company's shares are short sold. Based on an average trading volume of 77,200 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 77,200 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company's shares are short sold.

Trivago N.V. ADS Stock Performance

Shares of NASDAQ TRVG traded down $0.03 during midday trading on Friday, reaching $3.32. 20,028 shares of the stock were exchanged, compared to its average volume of 118,161. Trivago N.V. ADS has a twelve month low of $1.60 and a twelve month high of $5.83. The company has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $3.93. The stock has a market capitalization of $233.66 million, a P/E ratio of -332.00 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TRVG shares. Wall Street Zen cut Trivago N.V. ADS from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. 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 report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.35.

Hedge Funds Weigh In On Trivago N.V. ADS

A number of hedge funds have recently made changes to their positions in TRVG. Walleye Capital LLC acquired a new stake in shares of Trivago N.V. ADS during the 2nd quarter valued at $40,000. Bank of America Corp DE boosted its stake 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 last quarter. Quadrature Capital Ltd bought a new stake in shares of Trivago N.V. ADS during the 2nd quarter worth approximately $73,000. Cubist Systematic Strategies LLC bought a new stake in Trivago N.V. ADS in the first quarter valued at approximately $75,000. Finally, Jump Financial LLC bought a new position in Trivago N.V. ADS during the second quarter worth $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.