Short Interest in Telaria Inc (NYSE:TLRA) Expands By 15.4%

Telaria Inc (NYSE:TLRA) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,340,800 shares, a growth of 15.4% from the July 31st total of 1,161,700 shares. Based on an average daily volume of 872,300 shares, the short-interest ratio is presently 1.5 days. Currently, 3.6% of the shares of the company are sold short.

Shares of TLRA opened at $8.46 on Friday. Telaria has a 52 week low of $2.19 and a 52 week high of $10.66. The firm has a market cap of $450.99 million, a P/E ratio of -47.00 and a beta of 1.73. The firm’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $7.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28.

Telaria (NYSE:TLRA) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). Telaria had a negative net margin of 9.18% and a negative return on equity of 9.98%. The company had revenue of $18.20 million during the quarter, compared to analyst estimates of $15.98 million. During the same quarter last year, the company posted ($0.06) EPS. The firm’s quarterly revenue was up 46.8% on a year-over-year basis. As a group, equities analysts forecast that Telaria will post -0.11 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in TLRA. Nuveen Asset Management LLC bought a new stake in Telaria in the 2nd quarter valued at about $3,366,000. MYDA Advisors LLC bought a new stake in Telaria in the 1st quarter valued at about $1,905,000. Invesco Ltd. boosted its holdings in Telaria by 147.3% in the 2nd quarter. Invesco Ltd. now owns 492,953 shares of the software maker’s stock valued at $3,707,000 after purchasing an additional 293,627 shares during the period. EAM Global Investors LLC bought a new stake in Telaria in the 1st quarter valued at about $1,688,000. Finally, Calamos Advisors LLC bought a new stake in Telaria in the 2nd quarter valued at about $1,421,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

A number of research analysts recently commented on TLRA shares. Zacks Investment Research lowered shares of Telaria from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered shares of Telaria from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $7.95.

About Telaria

Telaria, Inc provides a software platform for publishers to manage and monetize video advertising in the United States. The company offers publishers with real-time analytics, data, and decisioning tools to control their video advertising business, as well as a monetization solution to optimize yield across a publisher's supply of digital video inventory.

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