Source: TripAdvisor
TripAdvisor (NASDAQ:TRIP) has been on a tear in 2018, with most of that coming from May 1, 2018 onward, where it briefly surpassed the $60 per share mark. Since then it has pulled back some, as the shorts started piling in, responding to its soaring share price, along with apparent skepticism surrounding its value.
Based upon the latest earnings report which showed improvement in its hotel business for the second quarter in a row, its improved desktop-to-mobile ratio, and a rapidly growing attractions business, I think the next earnings report will reinforce its turnaround is sustainable, and the shorts will continue to scramble to cover their positions; something I think some are already doing. That is likely to result in a short-term positive catalyst.
