Tuniu Co. (NASDAQ: TOUR) Short Interest Down 30.5% in May

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Tuniu Co. (NASDAQ:TOUR – Get Rating) was the target of a sharp decline in short-term interest in May. As of May 15, there was short interest totaling 33,100 shares, down 30.5% from April 30’s total of 47,600 shares. Based on an average daily volume of 198,800 shares, the day-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Shares of TOUR opened at $0.54 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt ratio of 0.01. The company’s fifty-day moving average price is $0.71 and its 200-day moving average price is $0.96. Tuniu has a 12-month low of $0.46 and a 12-month high of $3.07. The stock has a market capitalization of $69.43 million, a PE ratio of -3.57 and a beta of 2.14.

Tuniu (NASDAQ:TOUR – Get Rating) last announced its quarterly results on Thursday, March 17. The technology company reported ($0.03) EPS 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%.

Hedge funds have recently changed their equity holdings. Morgan Stanley increased its position in Tuniu by 0.9% in the second quarter. Morgan Stanley now owns 3,151,425 shares of the technology company valued at $7,500,000 after buying 28,338 more shares last quarter. Goldman Sachs Group Inc. acquired a new stake in Tuniu during the fourth quarter, valued at approximately $1,403,000. Renaissance Technologies LLC increased its position 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 purchasing an additional 196,523 shares last quarter. Bank of America Corp DE bought a new stake in Tuniu during the fourth quarter, valued at around $485,000. Finally, Virtu Financial LLC purchased a new stake in Tuniu during the fourth quarter worth approximately $43,000. 8.91% of the shares are currently held by institutional investors.

Separately, StockNews.com took over coverage of Tuniu shares in a research report on Tuesday, May 24. They have placed a “holding” rating on the stock.

Tuniu company profile (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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