Could Truecar Inc (NASDAQ:TRUE) Skyrocket? The Stock Had Too Little Sellers

October 13, 2018 - By Marguerite Chambers

TrueCar, Inc. (NASDAQ:TRUE) Logo

Investors sentiment increased to 1.27 in Q2 2018. Its up 0.03, from 1.24 in 2018Q1. It improved, as 25 investors sold TrueCar, Inc. shares while 20 reduced holdings. 20 funds opened positions while 37 raised stakes. 83.88 million shares or 2.95% more from 81.48 million shares in 2018Q1 were reported.
Teacher Retirement Of Texas has invested 0% in TrueCar, Inc. (NASDAQ:TRUE). 2,200 are held by Jump Trading Lc. Sei Invests Communications owns 84 shares for 0% of their portfolio. Global X Management Communication Limited Liability Co, New York-based fund reported 7,345 shares. The Massachusetts-based State Street has invested 0% in TrueCar, Inc. (NASDAQ:TRUE). Teachers Retirement System Of The State Of Kentucky invested in 74,104 shares. Manufacturers Life Comm The holds 69,555 shares or 0% of its portfolio. Raymond James & invested 0% of its portfolio in TrueCar, Inc. (NASDAQ:TRUE). 80,682 were reported by Art Advsrs Ltd. Peak6 Invests L P holds 0% or 17,341 shares. 82 are held by Cwm Ltd Liability Company. Aqr Management Lc stated it has 218,064 shares or 0% of all its holdings. Rhumbline Advisers holds 0% or 85,586 shares. Grp One Trading Ltd Partnership has 0% invested in TrueCar, Inc. (NASDAQ:TRUE) for 48,126 shares. Citigroup holds 0% in TrueCar, Inc. (NASDAQ:TRUE) or 13,933 shares.

The stock of Truecar Inc (NASDAQ:TRUE) registered a decrease of 2.7% in short interest. TRUE’s total short interest was 7.99M shares in October as published by FINRA. Its down 2.7% from 8.21 million shares, reported previously. With 658,700 shares average volume, it will take short sellers 12 days to cover their TRUE’s short positions. The short interest to Truecar Inc’s float is 16.51%.

The stock decreased 0.17% or $0.02 during the last trading session, reaching $11.97. About 818,184 shares traded or 2.65% up from the average. TrueCar, Inc. (NASDAQ:TRUE) has declined 20.37% since October 13, 2017 and is downtrending. It has underperformed by 35.99% the S&P500.

TrueCar, Inc., together with its subsidiaries, operates as an Internet information, technology, and communication services firm in the United States. The company has market cap of $1.22 billion. It operates its platform on the TrueCar Website and mobile applications. It currently has 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.

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