Short Interest in trivago (NASDAQ:TRVG) Drops By 28.4%

trivago (NASDAQ:TRVG - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 184,700 shares, a decline of 28.4% from the March 15th total of 257,900 shares. Based on an average daily volume of 143,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the company's shares are sold short.

trivago Price Performance

trivago stock traded up $0.40 during midday trading on Wednesday, hitting $3.88. 147,917 shares of the stock were exchanged, compared to its average volume of 81,755. The company has a 50 day moving average price of $4.10 and a two-hundred day moving average price of $2.91. The firm has a market cap of $271.35 million, a P/E ratio of -388.00 and a beta of 1.55. trivago has a 1 year low of $1.60 and a 1 year high of $5.45.

trivago (NASDAQ:TRVG - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. trivago had a positive return on equity of 0.09% and a negative net margin of 5.20%. As a group, analysts predict that trivago will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com started coverage on shares of trivago in a report on Saturday, February 8th. They issued a "strong-buy" rating on the stock. Citigroup raised their price objective on trivago from $2.60 to $4.50 and gave the stock a "neutral" rating in a report on Monday, March 17th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, trivago has a consensus rating of "Moderate Buy" and a consensus price target of $2.94.

Hedge Funds Weigh In On trivago

Hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in trivago during the fourth quarter valued at $628,000. Baader Bank Aktiengesellschaft bought a new stake in shares of trivago during the 4th quarter valued at about $623,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in trivago by 150.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 150,000 shares of the technology company's stock worth $615,000 after acquiring an additional 90,000 shares during the last quarter. 4.50% of the stock is currently owned by institutional investors and hedge funds.

About trivago

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.