Short Interest in PropertyGuru Group Limited (NYSE:PGRU) Rises By 56.5%

PropertyGuru Group Limited (NYSE:PGRU) saw a significant increase in short interest in 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. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 869,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

PropertyGuru Group Price Performance

Shares of PGRU stock opened at $6.63 on Friday. The stock’s 50-day moving average is $6.38 and its 200 day moving average is $5.11. PropertyGuru Group has a 1-year low of $3.15 and a 1-year high of $6.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 3.16. The company has a market cap of $1.09 billion, a P/E ratio of -132.60 and a beta of 0.36.

PropertyGuru Group (NYSE:PGRU) last released its quarterly 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 during the quarter. PropertyGuru Group had a negative net margin of 13.27% and a negative return on equity of 3.47%.

Hedge Funds Weigh In On PropertyGuru Group

A hedge fund recently raised its stake in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd lifted its holdings in PropertyGuru Group Limited (NYSE:PGRU) by 30.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,641 shares of the company’s stock after purchasing an additional 9,919 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in PropertyGuru Group were worth $162,000 as of its most recent SEC filing. Institutional investors and hedge funds own 61.38% of the company’s stock.

About PropertyGuru Group

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.