Tuniu Co. (NASDAQ:TOWER) sees sharp drop in short-term interest

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Tuniu Co. (NASDAQ:TOUR – Get Rating) was the target of a sharp drop in short interest during the month of March. As of March 31, there was short interest totaling 28,000 shares, a 95.5% decline from the March 15 total of 620,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume of 307,400 shares, the short-term interest rate ratio is currently 0.1 day.

Hedge funds have recently been buying and selling stocks. Virtu Financial LLC acquired a new stake in Tuniu in Q4 worth approximately $43,000. MARSHALL WACE ASIA Ltd acquired a new stake in Tuniu in Q3 worth approximately $115,000. Bank of America Corp DE acquired a new position in shares of Tuniu during the 4th quarter worth approximately $485,000. Renaissance Technologies LLC increased its holdings of Tuniu shares by 40.7% during the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company worth $659,000 after purchasing an additional 196,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Tuniu during the 4th quarter worth approximately $1,403,000. Institutional investors hold 23.88% of the company’s shares.

Separately, StockNews.com assumed coverage of Tuniu in a research report on Thursday, March 31. They have placed a “holding” rating on the stock.

NASDAQ:TOWER opened at $0.80 on Wednesday. Tuniu has a 52 week minimum of $0.70 and a 52 week maximum of $3.25. The company has a quick ratio of 1.45, a current ratio of 1.51 and a leverage ratio of 0.01. The stock has a market capitalization of $103.82 million, a PE ratio of -5.33 and a beta of 2.13. The stock’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.14.

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

About Tunisia (Get an evaluation)

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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