Tuniu Corporation (NASDAQ:TOUR) Short Interest Up 243.2% in August

by · The Cerbat Gem

Tuniu Corporation (NASDAQ:TOUR – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 100,448 shares, an increase of 243.2% from the August 15th total of 29,268 shares. Approximately 3.8% of the company’s stock are sold short. Based on an average daily volume of 7,728 shares, the days-to-cover ratio is currently 13.0 days.

Tuniu Trading Down 1.0%

NASDAQ TOUR opened at $5.11 on Friday. The company has a market cap of $55.80 million, a PE ratio of 15.97 and a beta of 0.44. Tuniu has a 12 month low of $4.53 and a 12 month high of $9.85. The stock has a 50 day moving average of $5.02 and a 200-day moving average of $5.85.

Tuniu (NASDAQ:TOUR – Get Free Report) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.03 earnings per share for the quarter. Tuniu had a net margin of 3.73% and a return on equity of 3.17%. The business had revenue of $20.45 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tuniu in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Analysis on TOUR

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TOUR. Acadian Asset Management LLC boosted its stake in shares of Tuniu by 123.6% during the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after acquiring an additional 57,358 shares during the period. Jane Street Group LLC bought a new stake in Tuniu in the 4th quarter valued at $31,000. Yiheng Capital Management L.P. acquired a new stake in Tuniu during the 2nd quarter valued at $152,000. Finally, Renaissance Technologies LLC lifted its holdings in Tuniu by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock valued at $138,000 after purchasing an additional 10,689 shares during the last quarter.

Tuniu Company Profile

(Get Free Report)

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.

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