Short Interest in Travelzoo (NASDAQ:TZOO) Drops By 12.6%

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Travelzoo (NASDAQ:TZOO) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 222,600 shares, a drop of 12.6% from the December 15th total of 254,800 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily volume of 38,400 shares, the days-to-cover ratio is currently 5.8 days.

Separately, ValuEngine upgraded Travelzoo from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in Travelzoo during the 3rd quarter worth $72,000. Russell Investments Group Ltd. increased its holdings in Travelzoo by 31.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 20,138 shares of the information services provider’s stock worth $212,000 after purchasing an additional 4,811 shares during the period. California Public Employees Retirement System increased its holdings in Travelzoo by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 209,900 shares of the information services provider’s stock worth $2,244,000 after purchasing an additional 11,500 shares during the period. Dupont Capital Management Corp increased its holdings in Travelzoo by 29.6% during the 3rd quarter. Dupont Capital Management Corp now owns 26,908 shares of the information services provider’s stock worth $288,000 after purchasing an additional 6,150 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Travelzoo by 42.2% in the 2nd quarter. AQR Capital Management LLC now owns 20,721 shares of the information services provider’s stock valued at $320,000 after acquiring an additional 6,152 shares during the period. Institutional investors own 39.87% of the company’s stock.

TZOO traded down $0.19 during trading on Tuesday, hitting $11.09. 30,800 shares of the stock were exchanged, compared to its average volume of 37,556. The firm has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $11.43. The firm has a market cap of $131.05 million, a price-to-earnings ratio of 20.23 and a beta of 1.06. Travelzoo has a 1 year low of $9.31 and a 1 year high of $22.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.95 and a current ratio of 0.95.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $25.51 million for the quarter, compared to the consensus estimate of $25.80 million. Travelzoo had a return on equity of 44.87% and a net margin of 5.66%. Travelzoo’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS.

Travelzoo Company Profile

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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