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

Angi Inc. (NASDAQ:ANGI) saw a large drop in short interest in the month of 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 shares of the company are short sold. Based on an average trading volume of 136,800 shares, the short-interest ratio is currently 9.4 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities dropped their price objective on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. Citigroup raised their price objective on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Angi has a consensus rating of “Hold” and a consensus price target of $30.50.

Hedge Funds Weigh In On Angi

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Angi during the 4th quarter worth approximately $27,000. Barclays PLC increased its position in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP acquired a new stake in shares of Angi during the third quarter worth $46,000. Hsbc Holdings PLC bought a new stake in shares of Angi in the fourth quarter valued at about $30,000. Finally, Headlands Technologies LLC grew 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 valued at $31,000 after acquiring an additional 18,523 shares in the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Stock Up 1.0 %

Shares of ANGI opened at $16.43 on Thursday. The firm has a market cap of $8.17 billion, a P/E 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. Angi has a 52 week low of $14.90 and a 52 week high of $29.15. The firm’s 50-day simple moving average is $17.26 and its 200 day simple moving average is $20.06.

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.