Today’s Stock On Watch: Autobytel Incorporated (NASDAQ:ABTL) Just Reported Increased Shorts

November 23, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: Autobytel Incorporated (NASDAQ:ABTL) Just Reported Increased Shorts

The stock of Autobytel Incorporated (NASDAQ:ABTL) registered an increase of 29.78% in short interest. ABTL’s total short interest was 414,900 shares in November as published by FINRA. Its up 29.78% from 319,700 shares, reported previously. With 44,300 shares average volume, it will take short sellers 9 days to cover their ABTL’s short positions. The short interest to Autobytel Incorporated’s float is 4.59%. The stock decreased 1.20% or $0.16 during the last trading session, hitting $13.2. Autobytel Inc. (NASDAQ:ABTL) has declined 29.07% since April 21, 2016 and is downtrending. It has underperformed by 34.40% the S&P500.

Autobytel Inc. is an automotive marketing services firm that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to clients through the programs for online lead referrals, dealer marketing services and products, and online advertising programs and mobile products. The company has a market cap of $144.16 million. The Firm operates through providing automotive marketing services segment. It has a 53.18 P/E ratio. The Company’s consumer-facing automotive Websites, including Website Autobytel.com, provide clients with information and tools to aid them with the automotive purchase decisions and ability to submit inquiries requesting dealers to contact the clients regarding purchasing or leasing vehicles.

Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.75, from 0.77 in 2016Q1. The ratio improved, as 24 funds sold all Autobytel Inc. shares owned while 23 reduced positions. 15 funds bought stakes while 21 increased positions. They now own 6.29 million shares or 1.93% less from 6.42 million shares in 2016Q1.
Eagle Global Advisors Llc reported 29,980 shares or 0.01% of all its holdings. Cadence Ltd Liability Com holds 0.06% of its portfolio in Autobytel Inc. (NASDAQ:ABTL) for 56,267 shares. Thompson Davis last reported 0.25% of its portfolio in the stock. The New York-based New York State Common Retirement Fund has invested 0% in Autobytel Inc. (NASDAQ:ABTL). Manatuck Hill Ptnrs Limited Liability Company has 60,000 shares for 0.37% of their US portfolio. The New York-based Blackrock has invested 0% in Autobytel Inc. (NASDAQ:ABTL). Tocqueville Asset Management Ltd Partnership accumulated 152,550 shares or 0.03% of the stock. Renaissance Techs Limited Com has 51,300 shares for 0% of their US portfolio. Millennium Ltd Limited Liability Company accumulated 0% or 34,197 shares. Cornercap Invest Counsel Inc accumulated 0.1% or 37,700 shares. Blackrock Advsr Ltd Llc last reported 0% of its portfolio in the stock. Balyasny Asset Management Ltd Llc, a Illinois-based fund reported 14,392 shares. Blackrock Inv Management Limited Liability Company, a New Jersey-based fund reported 34,153 shares. Signia Mgmt Limited Liability Company holds 5.05% or 114,893 shares in its portfolio. Allianz Asset Mngmt Ag has 298,426 shares for 0% of their US portfolio.

Insider Transactions: Since June 2, 2016, the stock had 1 buying transaction, and 1 insider sale for $124,435 net activity. The insider COATS JEFFREY H sold $128,700. 300 shares were bought by Fuller Glenn Evan, worth $4,265.

Autobytel Inc. (NASDAQ:ABTL) Ratings Coverage

Out of 4 analysts covering Autobytel (NASDAQ:ABTL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Autobytel has been the topic of 4 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Lake Street maintained Autobytel Inc. (NASDAQ:ABTL) rating on Friday, October 2. Lake Street has “Buy” rating and $25 price target. The rating was maintained by on Monday, October 10 with “Outperform”. The firm has “Buy” rating by Ascendiant Capital given on Friday, March 11.

ABTL Company Profile

Autobytel Inc. (Autobytel), incorporated on May 17, 1996, is an automotive marketing services firm that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to clients through the programs for online lead referrals (Leads), dealer marketing services and products, and online advertising programs and mobile products. The Firm operates through providing automotive marketing services segment. The Company’s consumer-facing automotive Websites, which include its Website Autobytel.com, provide clients with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the clients regarding purchasing or leasing vehicles. The Company’s AutoWeb pay-per-click advertising marketplace program uses technology to refer in-market consumer traffic to dealers and maker Websites. For clients not be able to secure loans through conventional lending sources, the Websites provide these clients the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these clients to contact the clients regarding vehicle financing.

More notable recent Autobytel Inc. (NASDAQ:ABTL) news were published by: Marketwatch.com which released: “Autobytel Inc.” on December 21, 2009, also Prnewswire.com with their article: “Autobytel Partners with Videology to Bring its Expansive In-Market Auto …” published on November 17, 2016, Streetinsider.com published: “Form 4 AUTOBYTEL INC For: Nov 18 Filed by: COATS JEFFREY H” on November 23, 2016. More interesting news about Autobytel Inc. (NASDAQ:ABTL) were released by: Ocbj.com and their article: “Autobytel Q2 Sales Up 19%” published on August 04, 2016 as well as Globenewswire.com‘s news article titled: “Autobytel to Conduct NADA Dealer Workshop on Digital Sales Strategies” with publication date: November 21, 2016.

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By Vivian Park


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