Short Interest in Trainline Plc (OTCMKTS:TNLIF) Decreases By 24.2%

Trainline Plc (OTCMKTS:TNLIFGet Rating) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 638,600 shares, a drop of 24.2% from the March 31st total of 842,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

OTCMKTS TNLIF opened at $4.32 on Monday. The business’s fifty day moving average is $4.32 and its 200 day moving average is $4.32. Trainline has a fifty-two week low of $4.32 and a fifty-two week high of $4.33.

Several research firms recently weighed in on TNLIF. Barclays restated a “sell” rating and issued a $200.00 price target on shares of Trainline in a research note on Tuesday, April 5th. UBS Group started coverage on Trainline in a research report on Friday, March 11th. They set a “sell” rating for the company. JPMorgan Chase & Co. reduced their price objective on Trainline from GBX 241 ($3.07) to GBX 235 ($3.00) in a research report on Friday, March 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 268 ($3.42) price objective (up previously from GBX 266 ($3.39)) on shares of Trainline in a research report on Friday, April 1st. Finally, Morgan Stanley raised their price objective on Trainline from GBX 245 ($3.12) to GBX 270 ($3.44) in a research report on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $243.25.

About Trainline (Get Rating)

Trainline Plc operates an independent rail and coach travel platform that sells rail and coach tickets worldwide. The company operates through three segments: UK Consumer, UK Trainline Partner Solutions, and International. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.

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