, Corp. (NYSE:DESP) Short Interest Update, Corp. (NYSE:DESPGet Rating) was the target of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 731,400 shares, a growth of 7.0% from the December 15th total of 683,400 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 352,500 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DESP. Cowen decreased their price target on shares of to $7.00 in a report on Monday, November 21st. Citigroup dropped their price target on from $12.00 to $8.00 in a research report on Tuesday, December 20th. Finally, Morgan Stanley cut their price target on from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th.

Institutional Investors Weigh In On

A number of institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC lifted its holdings in by 32.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,983,009 shares of the company’s stock valued at $22,704,000 after purchasing an additional 970,051 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of by 120.1% during the second quarter. Point72 Asset Management L.P. now owns 1,672,482 shares of the company’s stock worth $13,547,000 after buying an additional 912,482 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of by 17.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,567,310 shares of the company’s stock valued at $20,795,000 after acquiring an additional 375,471 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of in the 2nd quarter worth approximately $1,815,000. Finally, Ronit Capital LLP bought a new stake in during the 3rd quarter worth approximately $1,140,000. 55.84% of the stock is owned by institutional investors and hedge funds. Trading Down 0.6 %

DESP opened at $6.61 on Wednesday. The stock’s 50 day simple moving average is $5.37 and its 200-day simple moving average is $6.51. The stock has a market cap of $470.94 million, a PE ratio of -5.90 and a beta of 1.82. has a 1 year low of $4.44 and a 1 year high of $12.70. (NYSE:DESPGet Rating) last announced its quarterly earnings results on Thursday, November 17th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The business had revenue of $145.60 million for the quarter, compared to analysts’ expectations of $136.48 million. During the same quarter in the previous year, the business earned ($0.30) earnings per share. Equities analysts forecast that will post -0.7 earnings per share for the current fiscal year. Company Profile

(Get Rating), Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates in two segments, Air; and Packages, Hotels and Other Travel Products. It offers airline tickets; and travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.

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