Tuniu Corporation (NASDAQ:TOUR) Sees Large Growth in Short Interest

Tuniu Corporation (NASDAQ:TOUR) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 100,448 shares, a growth of 243.2% from the August 15th total of 29,268 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 7,728 shares, the short-interest ratio is currently 13.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tuniu in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tuniu presently has an average rating of “Sell”.

Tuniu Trading Down 1.0%

Shares of Tuniu stock opened at $5.11 on Friday. Tuniu has a twelve month low of $4.53 and a twelve month high of $9.85. The firm has a market capitalization of $55.80 million, a PE ratio of 15.97 and a beta of 0.44. The firm’s 50-day moving average price is $5.02 and its 200 day moving average price is $5.85.

Tuniu (NASDAQ:TOUR) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $20.45 million for the quarter. Tuniu had a net margin of 3.73% and a return on equity of 3.17%.

Institutional Investors Weigh In On Tuniu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOUR. Yiheng Capital Management L.P. purchased a new stake in shares of Tuniu in the 2nd quarter valued at approximately $152,000. Renaissance Technologies LLC raised its position in Tuniu by 6.4% in the first 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. Jane Street Group LLC acquired a new position in Tuniu during the fourth quarter worth $31,000. Finally, Acadian Asset Management LLC boosted its position in shares of Tuniu by 123.6% during the first quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock worth $112,000 after buying an additional 57,358 shares during the period.

About Tuniu

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.