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

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) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 97,600 shares, a decline of 35.8% from the August 15th total of 152,000 shares. Based on an average trading volume of 77,200 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company's shares are short sold. Currently, 0.4% of the company's shares are short sold. Based on an average trading volume of 77,200 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Susquehanna decreased 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 cut shares of Trivago N.V. ADS from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Trivago N.V. ADS currently has a consensus rating of "Hold" and an average target price of $4.35.

Trivago N.V. ADS Stock Up 3.0%

TRVG opened at $3.38 on Monday. Trivago N.V. ADS has a 52 week low of $1.60 and a 52 week high of $5.83. The business has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $3.95. The company has a market cap of $237.88 million, a PE ratio of -338.00 and a beta of 1.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. G2 Investment Partners Management LLC purchased a new stake in shares of Trivago N.V. ADS during the 2nd quarter worth $1,986,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Trivago N.V. ADS in the fourth quarter valued at about $628,000. Boothbay Fund Management LLC purchased a new stake in Trivago N.V. ADS during the second quarter worth about $454,000. Marshall Wace LLP boosted its holdings in Trivago N.V. ADS by 272.6% during the second quarter. Marshall Wace LLP now owns 137,638 shares of the technology company's stock worth $519,000 after buying an additional 100,699 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its position in Trivago N.V. ADS 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 during the period. Hedge funds and other institutional investors 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.

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