Tuniu Co. (NASDAQ:TOUR) Short Interest Down 14.1% in February

Tuniu Co. (NASDAQ:TOUR) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 145,500 shares, a decline of 14.1% from the January 31st total of 169,400 shares. Based on an average trading volume of 193,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Tuniu

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in Tuniu by 166.0% in the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after purchasing an additional 16,110 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 buying an additional 16,248 shares during the period. Millennium Management LLC boosted its stake in shares of Tuniu by 93.9% in the 4th quarter. Millennium Management LLC now owns 34,864 shares of the technology company’s stock valued at $36,000 after buying an additional 16,882 shares during the period. XTX Topco Ltd grew its position in shares of Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after buying an additional 18,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Tuniu during the fourth quarter worth approximately $28,000.

Analyst Upgrades and Downgrades

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

Tuniu Price Performance

Shares of Tuniu stock opened at $1.08 on Thursday. The stock has a market capitalization of $133.75 million, a price-to-earnings ratio of -108,000.00 and a beta of 1.67. The business has a 50-day moving average of $1.00 and a 200 day moving average of $1.02. Tuniu has a 12 month low of $0.59 and a 12 month high of $1.76.

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 negative net margin of 6.22% and a positive return on equity of 9.44%.

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.