Short Interest in Tuniu Corporation (NASDAQ:TOUR) Drops By 67.1%

Tuniu Corporation (NASDAQ:TOUR) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 20,468 shares, a drop of 67.1% from the May 31st total of 62,242 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 19,627 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Tuniu

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Tuniu in the fourth quarter valued at approximately $31,000. Acadian Asset Management LLC lifted its holdings in shares of Tuniu by 123.6% in the 1st quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after purchasing an additional 57,358 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position 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 period.

Tuniu Price Performance

Shares of TOUR stock traded up $0.06 on Tuesday, hitting $4.83. 18,691 shares of the stock traded hands, compared to its average volume of 19,163. The company has a market capitalization of $52.74 million, a PE ratio of 7.92 and a beta of 0.37. Tuniu has a 1-year low of $4.53 and a 1-year high of $9.85. The company’s fifty day moving average is $5.79 and its 200 day moving average is $6.50.

Tuniu (NASDAQ:TOUR) last announced its quarterly earnings data on Friday, June 5th. The technology company reported $0.04 earnings per share (EPS) for the quarter. Tuniu had a return on equity of 4.57% and a net margin of 6.09%.The firm had revenue of $19.23 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Tuniu Company Profile

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.