Shorts Action: What’s Lendingtree Incorporated (NASDAQ:TREE) Upside After This Short Interest Increase?

November 18, 2016 - By Nellie Frank   ·   0 Comments

Shorts Action: What's Lendingtree Incorporated (NASDAQ:TREE) Upside After This Short Interest Increase?

The stock of Lendingtree Incorporated (NASDAQ:TREE) registered an increase of 21.16% in short interest. TREE’s total short interest was 3.00 million shares in November as published by FINRA. Its up 21.16% from 2.47M shares, reported previously. With 467,900 shares average volume, it will take short sellers 6 days to cover their TREE’s short positions. The short interest to Lendingtree Incorporated’s float is 42.09%. The stock increased 5.73% or $5.05 during the last trading session, hitting $93.2. Lendingtree Inc (NASDAQ:TREE) has declined 8.06% since April 18, 2016 and is downtrending. It has underperformed by 12.49% the S&P500.

LendingTree, Inc. , formerly Tree.com, Inc., is engaged in operating an online loan marketplace for consumers. The company has a market cap of $1.01 billion. The Firm offers a range of loan types and other credit offerings for its consumers. It has a 21.78 P/E ratio. The Firm operates through Lending activities segment.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.18, from 1.13 in 2016Q1. The ratio turned negative, as 40 funds sold all Lendingtree Inc shares owned while 40 reduced positions. 27 funds bought stakes while 63 increased positions. They now own 9.37 million shares or 1.54% more from 9.23 million shares in 2016Q1.
Moreover, Credit Agricole S A has 0.02% invested in Lendingtree Inc (NASDAQ:TREE) for 61,500 shares. Arizona State Retirement Sys holds 0% of its portfolio in Lendingtree Inc (NASDAQ:TREE) for 3,569 shares. Renaissance Group accumulated 4,196 shares or 0.02% of the stock. Emerald Mutual Fund Advisers Trust has 1.51% invested in the company for 304,839 shares. Jackson Square Ptnrs Limited Liability Corp holds 330,670 shares or 0.12% of its portfolio. Oz Ltd Partnership accumulated 32,700 shares or 0.02% of the stock. Herndon Capital Management Ltd Company holds 0% of its portfolio in Lendingtree Inc (NASDAQ:TREE) for 56 shares. Baillie Gifford And last reported 0.02% of its portfolio in the stock. Natixis has invested 0.01% of its portfolio in Lendingtree Inc (NASDAQ:TREE). Tcs Mgmt Llc reported 59,000 shares or 3.12% of all its holdings. Moreover, Pub Sector Pension Inv Board has 0% invested in Lendingtree Inc (NASDAQ:TREE) for 5,000 shares. Employees Retirement Sys Of Texas last reported 11,000 shares in the company. James Inv Research, a Ohio-based fund reported 25,115 shares. Summit Creek Advsrs Ltd Liability Co holds 110,605 shares or 1.66% of its portfolio. Gabelli Funds Lc has 0.03% invested in the company for 57,000 shares.

Lendingtree Inc (NASDAQ:TREE) Ratings Coverage

Out of 10 analysts covering LendingTree (NASDAQ:TREE), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LendingTree has been the topic of 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets initiated Lendingtree Inc (NASDAQ:TREE) rating on Monday, November 9. RBC Capital Markets has “Outperform” rating and $150 price target. As per Wednesday, October 12, the company rating was maintained by Loop Capital. The stock has “Buy” rating given by Guggenheim on Monday, November 16. Topeka Capital Markets initiated the stock with “Buy” rating in Wednesday, November 18 report. The firm earned “Buy” rating on Tuesday, August 4 by Needham. The stock of Lendingtree Inc (NASDAQ:TREE) earned “Neutral” rating by Bank of America on Wednesday, November 18. The rating was initiated by Compass Point on Thursday, June 2 with “Buy”. The rating was initiated by SunTrust on Monday, November 9 with “Buy”. The rating was upgraded by Bank of America on Thursday, December 10 to “Buy”. The firm earned “Buy” rating on Monday, October 26 by BWS Financial.

TREE Company Profile

LendingTree, Inc. (LendingTree), formerly Tree.com, Inc., incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers. The Firm offers a range of loan types and other credit offerings for its consumers. The Firm operates through Lending activities segment. The Company’s online marketplace provides clients with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. The Firm allows clients to submit their relevant information to it through an inquiry form, and it seeks to match in-market clients with multiple lenders on its marketplace. The Firm offers its products in categories, including mortgage products and non-mortgage products.

More recent Lendingtree Inc (NASDAQ:TREE) news were published by: Prnewswire.com which released: “LendingTree, Inc. to Host Investor and Analyst Day on December 13, 2016” on October 25, 2016. Also Prnewswire.com published the news titled: “LendingTree, Inc. to Report Third Quarter Earnings on October 27, 2016” on October 14, 2016. Prnewswire.com‘s news article titled: “LendingTree Reports Q3 2016 Results” with publication date: October 27, 2016 was also an interesting one.

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By Nellie Frank


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