Quhuo Limited (NASDAQ:QH) Sees Significant Growth in Short Interest

Quhuo Limited (NASDAQ:QH) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 64,400 shares, a growth of 174.0% from the February 13th total of 23,500 shares. Based on an average trading volume of 19,100 shares, the short-interest ratio is presently 3.4 days. Approximately 1.6% of the shares of the company are short sold.

Quhuo Stock Performance

Shares of NASDAQ:QH opened at $1.52 on Thursday. The business has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.31. Quhuo has a twelve month low of $0.25 and a twelve month high of $2.27.

Institutional Investors Weigh In On Quhuo

A hedge fund recently bought a new stake in Quhuo stock. Renaissance Technologies LLC bought a new position in shares of Quhuo Limited (NASDAQ:QH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,500 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned approximately 0.38% of Quhuo as of its most recent SEC filing. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Quhuo Company Profile

Quhuo Limited, through its subsidiaries, operates a gig economy platform in the People’s Republic of China. The company offers on-demand delivery solutions focusing on preparing food and deliver of other items, such as grocery and fresh food; and mobility services solutions comprise ride-hailing solutions, shared-bike maintenance, freight service, and vehicle export solutions.