PropertyGuru Group Limited (NYSE:PGRU) Sees Significant Growth in Short Interest

PropertyGuru Group Limited (NYSE:PGRU) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 75,900 shares, an increase of 56.5% from the August 31st total of 48,500 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 869,000 shares, the days-to-cover ratio is currently 0.1 days.

PropertyGuru Group Stock Performance

PGRU stock traded up $0.02 during trading on Friday, hitting $6.63. 387,665 shares of the company traded hands, compared to its average volume of 324,915. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 3.16. PropertyGuru Group has a 1 year low of $3.15 and a 1 year high of $6.63. The stock’s 50-day simple moving average is $6.38 and its 200 day simple moving average is $5.13. The company has a market cap of $1.09 billion, a PE ratio of -132.60 and a beta of 0.36.

PropertyGuru Group (NYSE:PGRU) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $30.05 million for the quarter. PropertyGuru Group had a negative net margin of 13.27% and a negative return on equity of 3.47%.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of PropertyGuru Group in a report on Tuesday, August 20th.

Institutional Trading of PropertyGuru Group

An institutional investor recently bought a new position in PropertyGuru Group stock. Leo Wealth LLC purchased a new stake in PropertyGuru Group Limited (NYSE:PGRU) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $34,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

PropertyGuru Group Company Profile

PropertyGuru Group Limited operates digital property classifieds marketplaces that connects homeowners and tenants with verified home service providers in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. The company offers digital and marketing services for developers. It also offers data and sales process automation products.