Tuniu Co. (NASDAQ:TOUR) Sees Large Drop in Short Interest

Tuniu Co. (NASDAQ:TOUR) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 158,000 shares, a decline of 13.6% from the December 15th total of 182,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 298,000 shares, the short-interest ratio is currently 0.5 days.

Tuniu Price Performance

TOUR traded up $0.03 on Friday, reaching $1.00. The company’s stock had a trading volume of 193,068 shares, compared to its average volume of 153,998. Tuniu has a 1 year low of $0.59 and a 1 year high of $1.76. The business’s 50 day moving average is $1.03 and its 200 day moving average is $0.99. The stock has a market cap of $123.84 million, a price-to-earnings ratio of -100,000.00 and a beta of 1.70.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tuniu from a “hold” rating to a “buy” rating in a report on Friday, November 29th.

Hedge Funds Weigh In On Tuniu

Several institutional investors and hedge funds have recently made changes to their positions in TOUR. Symmetry Peak Management LLC bought a new stake in shares of Tuniu in the third quarter worth $39,000. XTX Topco Ltd grew its holdings in Tuniu by 163.8% during the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after acquiring an additional 18,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Tuniu in the 3rd quarter worth about $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Tuniu by 13.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after purchasing an additional 16,248 shares in the last quarter.

Tuniu Company Profile

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged 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 booking services, as well as air, train, and bus ticketing for leisure travelers.