Short Interest in Angi Inc. (NASDAQ:ANGI) Decreases By 89.5%

Angi Inc. (NASDAQ:ANGI) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,290,000 shares, a drop of 89.5% from the February 28th total of 12,280,000 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 136,800 shares, the days-to-cover ratio is presently 9.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ANGI. Raymond James Financial Inc. purchased a new stake in Angi in the fourth quarter valued at approximately $27,000. Hsbc Holdings PLC purchased a new stake in shares of Angi in the 4th quarter valued at $30,000. Headlands Technologies LLC increased its stake in shares of Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after acquiring an additional 18,523 shares during the period. Oxford Asset Management LLP purchased a new position in shares of Angi during the fourth quarter worth $33,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Angi during the fourth quarter worth $41,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ANGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reduced their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Citigroup raised their price objective on Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Angi currently has an average rating of “Hold” and a consensus price target of $30.50.

Angi Stock Performance

Shares of NASDAQ ANGI traded up $0.17 during mid-day trading on Wednesday, hitting $16.43. The stock had a trading volume of 326,072 shares, compared to its average volume of 93,738. The firm has a market cap of $8.17 billion, a PE ratio of 205.40 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a 50 day moving average of $2.32 and a two-hundred day moving average of $2.22. Angi has a twelve month low of $14.90 and a twelve month high of $29.15.

Angi Company Profile

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.