Short Interest For Groupon Inc Down 14.1% In March

Short Interest For Groupon Inc Down 14.1% In March
By GrouponRUS (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Groupon shares witnessed a significant decline in short interest for the month of March. Short interest as of March 31 totaled nearly 59.3 million shares, which was a decline of 14.1% from the March 13 total of about 69 million shares. Presently, around 12.6% of the shares of the stock are sold short.

Is Groupon undervalued?

In a recent research report, Piper Jaffray analyst Gene Munster stated that the company is undervalued and should be worth $6 billion. Munster stated that Groupon has many significantly undervalued assets which it could sell in the coming years. As per the analyst, the company could raise $730 million by selling its stake in South Korea-based Ticket Monster. Groupon could utilize the cash to fund its transition from a daily deals site into an e-commerce platform, stated the analyst.

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“What is safe to say is that Groupon has several stealth assets that are generally under-appreciated by investors as far as overall value,” the analyst told Bloomberg.

Analysts take on Groupon

In recent weeks, many analysts have released their verdicts on Groupon. In a research note on March 30, analysts at Vetr raised their rating on the stock from Hold to Buy and assigned a price target of $8.71. Separately in a research note issued on March 25, Wunderlich analysts raised their rating on the company from Hold to Buy and also upgraded the price target from $6 to $10. Analysts at TheStreet, in a research note on March 19, raised their rating on Groupon from Sell to Hold. Finally, Deutsche Bank analysts reiterated their Buy rating on the stock with a price target of $8.50. Presently, Groupon has a consensus rating of Buy and a consensus price target of $9.03.

In separate news, Groupon CEO Eric P. Lefkofsky sold 454,166 shares of the company in an open market transaction on April 14. Lefkofsky sold the shares at an average price of $7.28, totaling about $3.3 million, according to a filing with the SEC.

Groupon has a 52-week low of $5.18 and a 52-week high of $8.43. On Thursday, Groupon shares closed up 0.96% at $7.35, while year to date, the stock is down by almost 11%.

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Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at
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