trivago (NASDAQ:TRVG) Sees Significant Decrease in Short Interest

trivago (NASDAQ:TRVG) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 54,500 shares, a decrease of 16.5% from the November 30th total of 65,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 62,700 shares, the days-to-cover ratio is presently 0.9 days.

trivago Price Performance

trivago stock remained flat at $2.30 during mid-day trading on Monday. 60,892 shares of the company were exchanged, compared to its average volume of 62,678. trivago has a 1-year low of $1.60 and a 1-year high of $3.29. The firm’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $1.97. The stock has a market cap of $160.85 million, a P/E ratio of -32.85 and a beta of 1.76.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TRVG shares. UBS Group cut their price target on trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com began coverage on shares of trivago in a research note on Monday. They issued a “buy” rating on the stock. Finally, Susquehanna dropped their price target on shares of trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.55.

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.