Short Interest in Tuniu Co. (NASDAQ:TOUR) Drops By 13.6%

Tuniu Co. (NASDAQ:TOUR) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 158,000 shares, a decline of 13.6% from the December 31st total of 182,900 shares. Based on an average daily volume of 298,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Tuniu Stock Down 3.8 %

NASDAQ:TOUR traded down $0.04 during midday trading on Friday, hitting $0.99. The company had a trading volume of 165,321 shares, compared to its average volume of 106,501. The stock’s fifty day moving average price is $1.02 and its 200-day moving average price is $1.00. Tuniu has a 52-week low of $0.59 and a 52-week high of $1.76. The company has a market capitalization of $122.66 million, a PE ratio of -99,050.00 and a beta of 1.70.

Tuniu (NASDAQ:TOUR) last announced its quarterly earnings data on Thursday, December 5th. The technology company reported $0.06 earnings per share for the quarter. Tuniu had a positive return on equity of 9.44% and a negative net margin of 6.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Tuniu from a “hold” rating to a “buy” rating in a research 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. Rhumbline Advisers boosted its position in Tuniu by 166.0% during the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after buying an additional 16,110 shares during the period. Symmetry Peak Management LLC purchased a new stake in Tuniu during the 3rd quarter valued at about $39,000. XTX Topco Ltd grew its position 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Tuniu in the 3rd quarter worth approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Tuniu by 13.4% during 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 period.

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.