TravelCenters of America LLC (NASDAQ:TA) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 361,531 shares, a decline of 33.1% from the November 30th total of 540,322 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 322,706 shares, the days-to-cover ratio is presently 1.1 days.
TravelCenters of America (NASDAQ:TA) opened at $4.30 on Friday. The firm has a market cap of $168.11, a P/E ratio of 7.29 and a beta of 2.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.64 and a current ratio of 1.21. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75.
Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of TravelCenters of America during the third quarter worth $126,000. Jane Street Group LLC acquired a new position in shares of TravelCenters of America during the third quarter worth $169,000. State Street Corp lifted its position in shares of TravelCenters of America by 29.5% during the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after purchasing an additional 9,506 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of TravelCenters of America during the third quarter worth $225,000. Finally, Hanson & Doremus Investment Management increased its stake in shares of TravelCenters of America by 144.7% in the third quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock worth $231,000 after buying an additional 32,185 shares during the last quarter. 34.10% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “TravelCenters of America LLC (TA) Short Interest Update” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3127988/travelcenters-of-america-llc-ta-short-interest-update.html.
TravelCenters of America Company Profile
TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.
Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.