--- title: "Short Interest in Despegar.com, Corp. (NYSE:DESP) Expands By 53.8%" type: "News" locale: "en" url: "https://longbridge.com/en/news/230324740.md" description: "Despegar.com, Corp. (NYSE:DESP) experienced a significant increase in short interest, rising 53.8% to 1,630,000 shares as of February 15th. This represents 2.5% of the company's stock. The short-interest ratio is currently 0.9 days based on an average trading volume of 1,900,000 shares. Analysts have given the stock a \"Moderate Buy\" rating with a consensus target price of $17.20. Institutional investors hold 67.93% of the stock, indicating strong interest in the company." datetime: "2025-03-03T13:00:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/230324740.md) - [en](https://longbridge.com/en/news/230324740.md) - [zh-HK](https://longbridge.com/zh-HK/news/230324740.md) generator: "portal-rs" --- # Short Interest in Despegar.com, Corp. (NYSE:DESP) Expands By 53.8% Despegar.com, Corp. (NYSE:DESP - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,630,000 shares, an increase of 53.8% from the January 31st total of 1,060,000 shares. Currently, 2.5% of the company's shares are short sold. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is currently 0.9 days. ## Despegar.com Stock Performance NYSE:DESP opened at $19.21 on Monday. Despegar.com has a 1 year low of $8.64 and a 1 year high of $19.55. The firm's fifty day simple moving average is $19.23 and its 200 day simple moving average is $15.92. ## Analyst Upgrades and Downgrades DESP has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Despegar.com presently has an average rating of "Moderate Buy" and a consensus target price of $17.20. **Get Our Latest Research Report on Despegar.com** ## Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of DESP. US Bancorp DE bought a new stake in Despegar.com in the 3rd quarter valued at $332,000. Principal Financial Group Inc. bought a new stake in Despegar.com in the 3rd quarter valued at $591,000. Intech Investment Management LLC bought a new stake in Despegar.com in the 3rd quarter valued at $252,000. Charles Schwab Investment Management Inc. boosted its holdings in Despegar.com by 76.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company's stock valued at $3,183,000 after purchasing an additional 111,233 shares during the period. Finally, Algert Global LLC bought a new stake in Despegar.com in the 3rd quarter valued at $878,000. 67.93% of the stock is currently owned by institutional investors and hedge funds. ## About Despegar.com (Get Free Report) Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business. ## Featured Stories - Five stocks we like better than Despegar.com - How to buy stock: A step-by-step guide for beginners - One Value, One Growth, and One Momentum Stock For Diversification - How to Profit From Value Investing - Porch Group Stock Surges 76% in 2 Days – What’s Next? - Business Services Stocks Investing - Majorana 1: Can It Cement Microsoft’s Place in Quantum Computing? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Despegar.com Right Now? Before you consider Despegar.com, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Despegar.com wasn't on the list. While Despegar.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [DESP.US](https://longbridge.com/en/quote/DESP.US.md) ## Related News & Research - [17:19 ETMafengwo and Latin American Online Travel Platform Despegar Explore New Paths for Global Tourism Empowered by AI](https://longbridge.com/en/news/284271784.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**