TravelCenters of America LLC (NASDAQ:TA) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 93,500 shares, a growth of 41.7% from the August 30th total of 66,000 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.2% of the shares of the company are short sold.

Large investors have recently made changes to their positions in the stock. Algert Global LLC bought a new position in shares of TravelCenters of America during the 2nd quarter valued at approximately $41,000. Cutter & CO Brokerage Inc. bought a new position in shares of TravelCenters of America during the 2nd quarter valued at approximately $43,000. Menta Capital LLC grew its stake in shares of TravelCenters of America by 11.4% during the 2nd quarter. Menta Capital LLC now owns 22,460 shares of the specialty retailer’s stock valued at $81,000 after acquiring an additional 2,300 shares during the period. Wealth & Pension Services Group Inc. grew its stake in shares of TravelCenters of America by 120.0% during the 2nd quarter. Wealth & Pension Services Group Inc. now owns 28,841 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 15,729 shares during the period. Finally, Cubic Asset Management LLC bought a new position in shares of TravelCenters of America during the 2nd quarter valued at approximately $109,000.

Shares of NASDAQ:TA traded up $0.21 during mid-day trading on Monday, reaching $10.83. 10,250 shares of the company traded hands, compared to its average volume of 27,939. The company’s 50 day moving average price is $12.75 and its 200-day moving average price is $7.24. The firm has a market cap of $87.58 million, a PE ratio of -3.38 and a beta of 1.57. The company has a debt-to-equity ratio of 4.21, a current ratio of 0.90 and a quick ratio of 0.45. TravelCenters of America has a 52 week low of $10.52 and a 52 week high of $26.75.

TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings data on Monday, August 5th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.70). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. TravelCenters of America had a negative net margin of 1.42% and a negative return on equity of 3.79%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, research analysts predict that TravelCenters of America will post -1.24 earnings per share for the current fiscal year.

Several research firms have recently commented on TA. Zacks Investment Research raised shares of TravelCenters of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 8th. ValuEngine lowered shares of TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, B. Riley reduced their price target on shares of TravelCenters of America from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th.

About TravelCenters of America

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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