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

trivago (NASDAQ:TRVG) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 65,300 shares, a drop of 32.0% from the November 15th total of 96,100 shares. Based on an average trading volume of 58,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

TRVG has been the topic of several research reports. Susquehanna lowered their price target on shares of trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. StockNews.com initiated coverage on trivago in a research report on Saturday. They set a “buy” rating for the company. Finally, UBS Group lowered their target price on trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.55.

trivago Stock Up 3.4 %

trivago stock opened at $2.46 on Friday. trivago has a 12-month low of $1.60 and a 12-month high of $3.29. The firm’s 50-day moving average is $1.87 and its two-hundred day moving average is $1.97.

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.