Groupon Inc (NASDAQ:GRPN) 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.
Groupon Inc (NASDAQ:GRPN) seems to be recovering some positive sentiment on Wall Street. Short interest in the daily deals giant plunged 5.9% earlier this month, and analysts believe things could finally be looking up for it.
Groupon Inc. (GRPN) experienced unusually high volume on Apr. 20, as the stock gained 0.69% to a closing price of $7.25. The stock saw 13.58 million shares trade hands over the course of the day on 41,139 trades.
Leon Cooperman's Omega Advisors didn't quite get the much needed kick-start in the first quarter to offset its subpar performance during the previous year, considering the annual 2% returns, though it was an improvement.