The stock of Autobytel Incorporated (NASDAQ:ABTL) registered a decrease of 11.29% in short interest. ABTL’s total short interest was 225,400 shares in September as published by FINRA. Its down 11.29% from 254,100 shares, reported previously. With 82,100 shares average volume, it will take short sellers 3 days to cover their ABTL’s short positions. The short interest to Autobytel Incorporated’s float is 2.49%. About 8,966 shares traded hands. Autobytel Inc. (NASDAQ:ABTL) has risen 10.33% since February 8, 2016 and is uptrending. It has underperformed by 6.16% 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 $178.45 million. The Firm operates through providing automotive marketing services segment. It has a 89.18 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.
The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.51, from 1.28 in 2016Q1. The ratio is negative, 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.
Signia Capital Management Llc holds 5.05% of its portfolio in Autobytel Inc. for 114,893 shares. Lyon Street Capital Llc owns 359,297 shares or 2.81% of their US portfolio. Moreover, Portolan Capital Management Llc has 0.99% invested in the company for 494,181 shares. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 0.92% in the stock. Adirondack Research & Management Inc., a New York-based fund reported 118,885 shares.
Out of 3 analysts covering Autobytel (NASDAQ:ABTL), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Autobytel has been the topic of 3 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Ascendiant Capital maintained the stock on March 11 with “Buy” rating.
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