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.
The director of Groupon Inc (NASDAQ:GRPN) 7.11 -0.04 -0.49% and corporation's insider Bradley Keywell unloaded 500,000 shares of the company based on the avg market share price which was $7.1 per share.
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.