Short Interest in Angi Inc. (NASDAQ:ANGI) Grows By 19.6%

Angi Inc. (NASDAQ:ANGI) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 10,860,000 shares, a growth of 19.6% from the January 31st total of 9,080,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 9.4 days. Currently, 16.6% of the company’s shares are sold short.

Angi Stock Up 3.7 %

Shares of NASDAQ ANGI opened at $1.66 on Friday. The stock has a fifty day moving average price of $1.74 and a 200 day moving average price of $2.11. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $825.47 million, a P/E ratio of 20.75 and a beta of 1.86. Angi has a 12-month low of $1.49 and a 12-month high of $2.92.

Institutional Trading of Angi

Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new stake in shares of Angi during the fourth quarter valued at about $74,000. Two Sigma Advisers LP grew its stake in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after acquiring an additional 207,300 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after acquiring an additional 158,662 shares in the last quarter. State of Wyoming acquired a new stake in shares of Angi during the fourth quarter valued at about $69,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Angi during the fourth quarter valued at about $46,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ANGI. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup increased their price target on Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Benchmark lowered their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, JMP Securities lowered their price target on Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Angi currently has an average rating of “Hold” and a consensus price target of $3.05.

About Angi

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.