Short-term stake in Tuniu Co. (NASDAQ: TOUR) increases 120.0%

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Tuniu Co. (NASDAQ:TOUR – Get Rating) enjoyed significant growth in short-term interest in April. As of April 15, there were short interests totaling 61,600 shares, a growth of 120.0% from the total of 28,000 shares as of March 31. Based on an average daily volume of 270,100 shares, the day-to-cover ratio is currently 0.2 days. About 0.1% of the stock’s shares are sold short.

The NASDAQ TOUR opened at $0.77 on Friday. The stock has a market capitalization of $100.46 million, a PE ratio of -5.16 and a beta of 2.13. The company has a 50-day simple moving average of $0.90 and a two-hundred-day simple moving average of $1.08. The company has a debt ratio of 0.01, a current ratio of 1.51 and a quick ratio of 1.45. Tuniu has a 1-year minimum of $0.59 and a 1-year maximum of $3.07.

Tuniu (NASDAQ:TOUR – Get Rating) last released its quarterly results on Thursday, March 17. The technology company reported ($0.03) earnings per share for the quarter. The company had revenue of $11.52 million for the quarter. Tuniu had a negative net margin of 28.49% and a negative return on equity of 8.07%.

Institutional investors have recently changed their positions in the company. Morgan Stanley increased its stake in Tuniu shares by 0.9% during the 2nd quarter. Morgan Stanley now owns 3,151,425 shares of the technology company worth $7,500,000 after acquiring 28,338 more shares in the last quarter. Virtu Financial LLC purchased a new stake in Tuniu shares during Q4 worth approximately $43,000. MARSHALL WACE ASIA Ltd purchased a new stake in Tuniu during Q3 for $115,000. Renaissance Technologies LLC increased its position in Tuniu by 40.7% during the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company valued at $659,000 after purchasing an additional 196,523 shares last quarter. Finally, Bank of America Corp DE acquired a new stake in Tuniu during the 4th quarter at a value of $485,000. Hedge funds and other institutional investors hold 23.88% of the company’s shares.

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Separately, StockNews.com launched coverage on Tuniu in a Thursday, March 31 report. They set a “hold” rating for the company.

Tuniu company profile (Get an assessment)

Tuniu Corporation is an online leisure travel company in China. The company offers various organized tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services and hotel reservation services, and air ticketing , train and bus for leisure travellers.

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