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

trivago (NASDAQ:TRVG) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 65,300 shares, a decline of 32.0% from the November 15th total of 96,100 shares. Based on an average daily trading volume, of 58,200 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Susquehanna cut their target price on trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. UBS Group reduced their price objective on shares of trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com assumed coverage on shares of trivago in a report on Friday, December 6th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.55.

trivago Price Performance

Shares of trivago stock traded up $0.08 during trading on Friday, hitting $2.46. 80,667 shares of the company’s stock traded hands, compared to its average volume of 61,462. trivago has a 1 year low of $1.60 and a 1 year high of $3.29. The business has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $1.97. The stock has a market capitalization of $172.05 million, a P/E ratio of -35.14 and a beta of 1.76.

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.