Is Buying Tripadvisor Inc (NASDAQ:TRIP), Having Higher Short Interest a Winning Strategy?

October 13, 2018 - By Michael Collier

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

Investors sentiment increased to 1.24 in Q2 2018. Its up 0.19, from 1.05 in 2018Q1. It improved, as 23 investors sold TripAdvisor, Inc. shares while 109 reduced holdings. 73 funds opened positions while 91 raised stakes. 114.02 million shares or 4.32% less from 119.17 million shares in 2018Q1 were reported.
15,116 were accumulated by Riverhead Cap Ltd Liability Corporation. Chesapeake Asset has invested 0.37% in TripAdvisor, Inc. (NASDAQ:TRIP). Zurcher Kantonalbank (Zurich Cantonalbank) reported 20,089 shares or 0.01% of all its holdings. Tarbox Family Office Inc stated it has 60 shares or 0% of all its holdings. Macroview Invest Management Ltd Llc reported 59 shares stake. Lafayette Invs holds 0.73% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 35,715 shares. Horizon Ltd Com invested in 0.01% or 4,850 shares. Advisory Svcs Networks Ltd holds 1,960 shares or 0.01% of its portfolio. State Of Alaska Department Of Revenue invested in 0.03% or 25,970 shares. Kj Harrison Prns Inc holds 0.16% or 10,000 shares. River And Mercantile Asset Mngmt Limited Liability Partnership accumulated 105,413 shares or 0.61% of the stock. Parallax Volatility Advisers Limited Partnership holds 2,230 shares. Citadel Advsrs Ltd Liability Com invested in 419,060 shares. Ubs Asset Mngmt Americas holds 0% or 335,995 shares. Oppenheimer Asset stated it has 0.01% in TripAdvisor, Inc. (NASDAQ:TRIP).

Since May 15, 2018, it had 0 insider buys, and 5 insider sales for $1.05 million activity. Another trade for 726 shares valued at $38,993 was sold by Watson Noel Bertram. On Friday, June 15 Kalvert Seth J sold $300,803 worth of TripAdvisor, Inc. (NASDAQ:TRIP) or 5,235 shares. TEUNISSEN ERNST 02494 also sold $477,378 worth of TripAdvisor, Inc. (NASDAQ:TRIP) on Friday, June 15.

The stock of Tripadvisor Inc (NASDAQ:TRIP) registered an increase of 2.01% in short interest. TRIP’s total short interest was 14.68M shares in October as published by FINRA. Its up 2.01% from 14.39 million shares, reported previously. With 1.09 million shares average volume, it will take short sellers 14 days to cover their TRIP’s short positions. The short interest to Tripadvisor Inc’s float is 13.84%.

The stock increased 1.57% or $0.7 during the last trading session, reaching $45.35. About 2.14 million shares traded or 9.13% up from the average. TripAdvisor, Inc. (NASDAQ:TRIP) has risen 14.12% since October 13, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

TripAdvisor, Inc. operates as an online travel company. The company has market cap of $6.24 billion. The firm operates through two divisions, Hotel and Non-Hotel. It currently has negative earnings. The Company’s travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, activities and attractions, and restaurant reservations.

TripAdvisor, Inc. (NASDAQ:TRIP) Ratings Coverage

Among 7 analysts covering TripAdvisor (NASDAQ:TRIP), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. TripAdvisor had 10 analyst reports since May 8, 2018 according to SRatingsIntel. Needham upgraded TripAdvisor, Inc. (NASDAQ:TRIP) on Friday, August 3 to “Hold” rating. Wedbush maintained TripAdvisor, Inc. (NASDAQ:TRIP) on Thursday, May 10 with “Hold” rating. The company was maintained on Tuesday, July 31 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, May 8 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, May 16 by Macquarie Research. The rating was maintained by Barclays Capital with “Overweight” on Monday, August 6. The stock has “Hold” rating by Stifel Nicolaus on Friday, August 3. The rating was downgraded by Guggenheim on Wednesday, May 16 to “Sell”. The firm earned “Sell” rating on Friday, May 25 by Guggenheim. As per Wednesday, July 11, the company rating was upgraded by Barclays Capital.

TripAdvisor, Inc. (NASDAQ:TRIP) Institutional Positions Chart

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