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

Tuniu Co. (NASDAQ:TOUR) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 257,200 shares, a drop of 33.4% from the October 15th total of 386,200 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 579,400 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Tuniu from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th.

Institutional Investors Weigh In On Tuniu

A number of hedge funds have recently made changes to their positions in the business. Symmetry Peak Management LLC purchased a new stake in Tuniu during the third quarter worth about $39,000. XTX Topco Ltd increased its stake in shares of 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 purchasing an additional 18,000 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Tuniu during the 3rd quarter worth approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Tuniu by 13.4% in the third 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 during the last quarter.

Tuniu Stock Down 1.9 %

TOUR stock traded down $0.02 during trading on Friday, reaching $1.03. The stock had a trading volume of 215,890 shares, compared to its average volume of 361,731. The company has a market capitalization of $127.56 million, a price-to-earnings ratio of -103,000.00 and a beta of 1.67. Tuniu has a one year low of $0.59 and a one year high of $1.76. The company’s 50 day moving average is $1.08 and its two-hundred day moving average is $0.98.

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.