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


Tuniu Co. (NASDAQ:TOUR – Get Rating) was the target of a sharp increase in short-term interest during the month of April. As of April 15, there was short interest totaling 61,600 shares, an increase of 120.0% from the March 31 total of 28,000 shares. Based on an average daily volume of 270,100 shares, the day-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Separately, began covering Tuniu in a report on Thursday, March 31. They issued a “holding” rating for the company.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in TOUR. Goldman Sachs Group Inc. acquired a new position in Tuniu in Q4 worth approximately $1,403,000. Bank of America Corp DE acquired a new position in shares of Tuniu during the fourth quarter valued at approximately $485,000. Renaissance Technologies LLC increased its equity stake in Tuniu by 40.7% during the fourth quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company valued at $659,000 after acquiring an additional 196,523 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Tuniu during the third quarter worth approximately $115,000. Finally, Virtu Financial LLC acquired a new position in shares of Tuniu during the fourth quarter valued at approximately $43,000. 23.88% of the stock is held by institutional investors.

Shares of 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 200-day simple moving average of $1.08. The company has a quick ratio of 1.45, a current ratio of 1.51 and a leverage ratio of 0.01. Tuniu has a 52-week low of $0.59 and a 52-week high 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 in the quarter. Tuniu had a negative return on equity of 8.07% and a negative net margin of 28.49%.

About Tunisia (Get a rating)

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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