What’s Autobytel Incorporated (NASDAQ:ABTL) Upside After This Short Interest Decrease?

June 20, 2017 - By Hazel Jackson

 What's Autobytel Incorporated (NASDAQ:ABTL) Upside After This Short Interest Decrease?

Investors sentiment increased to 1.58 in Q4 2016. Its up 0.06, from 1.52 in 2016Q3. It increased, as 9 investors sold Autobytel Inc. shares while 22 reduced holdings. 22 funds opened positions while 27 raised stakes. 6.67 million shares or 1.93% less from 6.81 million shares in 2016Q3 were reported.
Citadel Lc holds 12,055 shares or 0% of its portfolio. Cornerstone Cap Mgmt Ltd Com accumulated 52,400 shares. 7,796 are owned by Deutsche National Bank & Trust Ag. Moreover, Commercial Bank Of New York Mellon Corp has 0% invested in Autobytel Inc. (NASDAQ:ABTL). Lyon Street Cap Ltd Liability Corp holds 3.44% or 501,002 shares. Highbridge Capital Ltd Company, a New York-based fund reported 19,402 shares. 14,366 were accumulated by Axa. Blackrock Advisors Ltd Co accumulated 4,476 shares. Tower Research Capital Limited Co (Trc), a New York-based fund reported 1,804 shares. Renaissance Techs Lc reported 0% stake. Rice Hall James Associate Ltd Liability invested in 0.11% or 164,290 shares. Thomson Horstmann And Bryant invested in 0.69% or 414,605 shares. Blackrock Invest Mngmt Ltd Liability Corporation owns 34,080 shares. 113,487 are owned by Northern Trust. Cornercap Investment Counsel has 0.2% invested in Autobytel Inc. (NASDAQ:ABTL).

Since May 16, 2017, it had 0 insider purchases, and 7 insider sales for $1.06 million activity. FERRIOLO WILLIAM also sold $467,704 worth of Autobytel Inc. (NASDAQ:ABTL) shares. Another trade for 4,000 shares valued at $51,908 was sold by Stibel Jeffrey M. On Friday, June 2 the insider SKOCILIC JOHN J JR sold $60,436. Ozima Wesley sold 2,500 shares worth $33,276. $191,273 worth of Autobytel Inc. (NASDAQ:ABTL) was sold by Fuller Glenn Evan.

The stock of Autobytel Incorporated (NASDAQ:ABTL) registered a decrease of 24.59% in short interest. ABTL’s total short interest was 204,600 shares in June as published by FINRA. Its down 24.59% from 271,300 shares, reported previously. With 131,300 shares average volume, it will take short sellers 2 days to cover their ABTL’s short positions. The short interest to Autobytel Incorporated’s float is 2.21%.

It closed at $12.65 lastly. It is down 2.76% since June 20, 2016 and is uptrending. It has underperformed by 13.94% 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 market cap of $143.81 million. The Firm operates through providing automotive marketing services segment. It has a 33.77 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.

Autobytel Inc. (NASDAQ:ABTL) Ratings Coverage

Among 4 analysts covering Autobytel (NASDAQ:ABTL), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Autobytel has $29 highest and $25 lowest target. $27.75’s average target is 119.37% above currents $12.65 stock price. Autobytel had 4 analyst reports since October 2, 2015 according to SRatingsIntel. Ascendiant Capital maintained it with “Buy” rating and $29 target in Friday, March 11 report. The stock has “Buy” rating by Lake Street on Friday, October 2. The rating was maintained by with “Outperform” on Monday, October 10.

More notable recent Autobytel Inc. (NASDAQ:ABTL) news were published by: Globenewswire.com which released: “Autobytel to Present at Upcoming 2017 Investor Conferences” on May 09, 2017, also Prnewswire.com with their article: “Autobytel Partners with Videology to Bring its Expansive In-Market Auto …” published on November 17, 2016, Seekingalpha.com published: “Autobytel Has Upside Potential” on May 22, 2017. More interesting news about Autobytel Inc. (NASDAQ:ABTL) were released by: Globenewswire.com and their article: “Newton Motor Group Named the 2016 Autobytel Dealer of the Year as Standout …” published on February 14, 2017 as well as Globenewswire.com‘s news article titled: “Autobytel Used Car Advertising Receives Top Rating for Dealer Satisfaction by …” with publication date: January 27, 2017.

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