PropertyGuru Group Limited (NYSE:PGRU) Sees Significant Decrease in Short Interest

PropertyGuru Group Limited (NYSE:PGRUGet Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 36,900 shares, a drop of 20.6% from the May 15th total of 46,500 shares. Based on an average daily trading volume, of 33,500 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the company’s shares are sold short.

PropertyGuru Group Stock Up 0.8 %

PropertyGuru Group stock traded up $0.04 during trading on Friday, reaching $5.19. The stock had a trading volume of 23,462 shares, compared to its average volume of 20,934. PropertyGuru Group has a 52-week low of $3.15 and a 52-week high of $5.25. The business has a 50 day moving average price of $4.23 and a 200 day moving average price of $3.72. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.01. The stock has a market cap of $845.50 million, a PE ratio of -103.80 and a beta of 0.32.

PropertyGuru Group (NYSE:PGRUGet Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. PropertyGuru Group had a negative return on equity of 1.12% and a negative net margin of 7.37%. The firm had revenue of $27.24 million during the quarter. On average, analysts predict that PropertyGuru Group will post -0.02 EPS for the current year.

Institutional Trading of PropertyGuru Group

A hedge fund recently raised its stake in PropertyGuru Group stock. ANTIPODES PARTNERS Ltd raised its position in PropertyGuru Group Limited (NYSE:PGRUFree Report) by 30.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 42,641 shares of the company’s stock after buying 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 filing with the SEC. 61.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $7.00 target price on shares of PropertyGuru Group in a research note on Wednesday, May 22nd.

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About PropertyGuru Group

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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.

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