Groupon Inc (NASDAQ:GRPN) Short Interest Up 7.3% in September

Groupon Inc (NASDAQ:GRPN) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 33,050,000 shares, an increase of 7.3% from the August 30th total of 30,810,000 shares. Approximately 7.0% of the company’s shares are sold short. Based on an average daily volume of 5,530,000 shares, the short-interest ratio is currently 6.0 days.

In related news, Director Robert J. Bass purchased 50,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were bought at an average price of $2.58 per share, with a total value of $129,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in Groupon by 3.4% during the 1st quarter. First Trust Advisors LP now owns 21,068,354 shares of the coupon company’s stock worth $74,793,000 after acquiring an additional 694,590 shares in the last quarter. Nordea Investment Management AB grew its holdings in Groupon by 4.1% during the 1st quarter. Nordea Investment Management AB now owns 1,266,224 shares of the coupon company’s stock worth $4,494,000 after acquiring an additional 50,092 shares in the last quarter. Lombard Odier Asset Management USA Corp acquired a new position in Groupon during the 1st quarter worth $1,775,000. Joseph P. Lucia & Associates LLC acquired a new position in Groupon during the 2nd quarter worth $71,000. Finally, SG Americas Securities LLC grew its holdings in Groupon by 5,244.5% during the 2nd quarter. SG Americas Securities LLC now owns 4,019,730 shares of the coupon company’s stock worth $14,391,000 after acquiring an additional 3,944,518 shares in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

GRPN traded up $0.07 during trading hours on Thursday, reaching $2.95. 1,512,177 shares of the stock traded hands, compared to its average volume of 5,155,446. The firm’s fifty day simple moving average is $2.70 and its two-hundred day simple moving average is $3.19. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 32.78 and a beta of 1.35. Groupon has a fifty-two week low of $2.31 and a fifty-two week high of $3.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.02.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, July 30th. The coupon company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $532.58 million for the quarter, compared to analyst estimates of $566.70 million. Groupon had a net margin of 0.32% and a return on equity of 14.29%. Groupon’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. On average, research analysts predict that Groupon will post 0.08 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Wedbush set a $3.50 target price on shares of Groupon and gave the company a “hold” rating in a research note on Friday, September 27th. DA Davidson set a $5.00 target price on shares of Groupon and gave the company a “buy” rating in a research note on Monday, September 9th. ValuEngine raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of Groupon from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.22.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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