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

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

Analyst Ratings Changes

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

Angi Price Performance

Shares of ANGI stock opened at $17.05 on Friday. The firm has a fifty day moving average of $17.23 and a two-hundred day moving average of $20.04. The firm has a market cap of $8.48 billion, a P/E ratio of 213.15 and a beta of 1.91. Angi has a 1-year low of $14.90 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Hedge Funds Weigh In On Angi

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the 4th quarter valued at approximately $30,000. Headlands Technologies LLC boosted its holdings in 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 purchasing an additional 18,523 shares during the period. Oxford Asset Management LLP bought a new stake in Angi during the fourth quarter valued at $33,000. Finally, Two Sigma Securities LLC bought a new position in shares of Angi in the 4th quarter worth about $41,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

About Angi

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.