Tuniu Co. (NASDAQ: TOUR) Short Interest Up 42.1% in September
Tuniu Co. (NASDAQ:TOUR – Get Rating) benefited from a surge in short-term interest in September. As of September 30, there was short interest totaling 1,130,000 shares, an increase of 42.1% from the total of 795,400 shares as of September 15. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume of 447,900 shares, the short interest ratio is currently 2.5 days.
Hedge funds weigh on Tuniu
An institutional investor recently raised his position in Tuniu shares. Renaissance Technologies LLC increased its position in Tuniu Co. (NASDAQ: TOUR – Get Rating) by 4.8% during the second quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 360,859 shares of the tech company after purchasing an additional 16,660 shares during the period. Renaissance Technologies LLC owned approximately 0.28% of Tuniu worth $379,000 at the end of the most recent reporting period. 8.62% of the shares are held by institutional investors.
Wall Street analysts predict growth
Separately, StockNews.com began covering Tuniu shares in a report on Wednesday. They put a “sell” mark on the stock.
Performance of the Tuniu share
Shares of Tuniu opened at $0.76 on Friday. The stock has a market capitalization of $99.07 million, a price-earnings ratio of -2.83 and a beta of 1.53. The company’s 50-day moving average is $0.76 and its 200-day moving average is $0.78. Tuniu has a 1 year minimum of $0.46 and a 1 year maximum of $1.59. The company has a debt ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.
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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