Short Interest in Travelzoo (NASDAQ:TZOO) Expands By 14.0%
Travelzoo (NASDAQ:TZOO) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 460,700 shares, an increase of 14.0% from the June 15th total of 404,000 shares. Approximately 8.2% of the company’s shares are sold short. Based on an average trading volume of 102,500 shares, the days-to-cover ratio is presently 4.5 days.
In other Travelzoo news, major shareholder Azzurro Capital Inc sold 52,000 shares of Travelzoo stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.90, for a total value of $1,086,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 236,311 shares of company stock valued at $4,491,708. 55.58% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TZOO. Group One Trading L.P. purchased a new position in shares of Travelzoo in the 1st quarter valued at about $57,000. Bank of New York Mellon Corp boosted its stake in shares of Travelzoo by 56.1% in the 4th quarter. Bank of New York Mellon Corp now owns 22,790 shares of the information services provider’s stock valued at $224,000 after buying an additional 8,186 shares during the period. Shell Asset Management Co. purchased a new position in shares of Travelzoo in the 1st quarter valued at about $243,000. Barclays PLC boosted its stake in shares of Travelzoo by 123.1% in the 4th quarter. Barclays PLC now owns 25,361 shares of the information services provider’s stock valued at $249,000 after buying an additional 13,993 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Travelzoo by 11.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 20,191 shares of the information services provider’s stock valued at $271,000 after buying an additional 2,067 shares during the period. Institutional investors and hedge funds own 35.36% of the company’s stock.
Shares of TZOO opened at $13.10 on Friday. The firm has a 50-day moving average of $15.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.72. The stock has a market cap of $155.43 million, a PE ratio of 25.69 and a beta of 1.09. Travelzoo has a 1 year low of $7.00 and a 1 year high of $22.85.
Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, July 24th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $28.18 million during the quarter, compared to analysts’ expectations of $28.30 million. Travelzoo had a return on equity of 41.15% and a net margin of 5.50%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS.
Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.
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