Truecar Inc (NASDAQ:TRUE) Shorts Declined By 4.21%

June 27, 2018 - By Sarah Holford

TrueCar, Inc. (NASDAQ:TRUE) Corporate Logo

During Q1 2018 the big money sentiment increased to 1.24. That’s change of 0.25, from 2017Q4’s 0.99. 21 investors sold all, 29 reduced holdings as TrueCar, Inc. ratio increased. 43 grew stakes while 19 funds bought stakes. Funds hold 81.48 million shares thus 2.06% more from 2017Q4’s 79.83 million shares.
Point72 Asia (Hong Kong) Ltd reported 9,954 shs. Teacher Retirement System Of Texas has invested 0% in TrueCar, Inc. (NASDAQ:TRUE). Citadel Ltd Limited Liability Company invested in 0% or 648,928 shs. Moreover, Morgan Stanley has 0% invested in TrueCar, Inc. (NASDAQ:TRUE) for 164,126 shs. Moreover, Raymond James & Assoc has 0% invested in TrueCar, Inc. (NASDAQ:TRUE). 302,082 are held by Art Advsr Limited Liability. 10 are owned by Prelude Management Ltd Company. Moreover, Deutsche Retail Bank Ag has 0.01% invested in TrueCar, Inc. (NASDAQ:TRUE) for 1.18 million shs. Secor Cap Ltd Partnership has invested 0.03% in TrueCar, Inc. (NASDAQ:TRUE). 52,626 are owned by Grp One Trading L P. Cwm Ltd Liability Company owns 0% invested in TrueCar, Inc. (NASDAQ:TRUE) for 6,337 shs. Royal Retail Bank Of Canada invested in 0% or 12,723 shs. National Bank Of Montreal Can reported 119,778 shs stake. 1.35M are owned by State Street. Millennium Mngmt Limited owns 0.02% invested in TrueCar, Inc. (NASDAQ:TRUE) for 1.50M shs.

It was noted a decrease on Truecar Inc (NASDAQ:TRUE)’s shorted shares with 4.21%. FINRA announced shorted shares of TRUE’s total 10.03M shares. The 10.47 million previous shares are down with 4.21%. With Average volume 863,000, TRUE’s previous position will take 12 days to restore. Float short on Truecar Inc is 16.06%.

Ticker’s shares touched $10.34 during the last trading session after 0.67% change.Currently TrueCar, Inc. is downtrending after 45.89% change in last June 27, 2017. TRUE has also 1.43 million shares volume. TRUE underperformed by 58.46% the S&P 500.

TrueCar, Inc., together with its subsidiaries, operates as an Internet information, technology, and communication services firm in the United States.The company has $1.04 billion market cap. It operates its platform on the TrueCar Website and mobile applications.Last it reported negative earnings. The firm also customizes and operates its platform for its affinity group marketing partners, including financial institutions, membership organizations, and employee buying programs for large enterprises.

TrueCar, Inc. (NASDAQ:TRUE) Ratings Coverage

A total of 8 analysts rate TrueCar (NASDAQ:TRUE) as follows: 4 “Buy”, 1 “Hold” and 3 “Sell”. Тherefore 50% are bullish. The firm has $18.0 highest and $9 lowest target. The avg target $14.11 is 36.46% above the last ($10.34) price. (NASDAQ:TRUE) has 8 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Wednesday, January 24 FBR Capital maintained TrueCar, Inc. (NASDAQ:TRUE) rating. FBR Capital has “Buy” rating and $18.0 target. On Thursday, March 22 J.P. Morgan downgraded the shares of TRUE in report to “Sell” rating. On Thursday, February 15 RBC Capital Markets maintained the shares of TRUE in report with “Buy” rating. The company rating was downgraded by JP Morgan on Thursday, March 22. On Thursday, June 7 Goldman Sachs downgraded TrueCar, Inc. (NASDAQ:TRUE) to “Sell” rating.

TrueCar, Inc. (NASDAQ:TRUE) Analyst Ratings Chart

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