Angi Inc. (NASDAQ:ANGI) Short Interest Down 89.5% in March

Angi Inc. (NASDAQ:ANGI) was the target of 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. Based on an average trading volume of 136,800 shares, the short-interest ratio is presently 9.4 days. Approximately 0.3% of the shares of the company are short sold.

Angi Stock Up 3.8 %

ANGI opened at $17.05 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The stock’s fifty day moving average is $17.23 and its 200-day moving average is $20.04. Angi has a one year low of $14.90 and a one year high of $29.15. The company has a market capitalization of $8.48 billion, a PE ratio of 213.15 and a beta of 1.91.

Institutional Trading of Angi

A number of large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 914,037 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Angi during the 4th quarter worth about $1,079,000. Westerly Capital Management LLC lifted its stake in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock valued at $4,714,000 after buying an additional 490,000 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Angi in the fourth quarter worth about $469,000. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after acquiring an additional 267,946 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ANGI. JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. StockNews.com cut Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup boosted their price target on Angi from $17.00 to $20.00 and gave the stock 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 research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.50.

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.