Tuniu Corporation (NASDAQ:TOUR) Short Interest Update

Tuniu Corporation (NASDAQ:TOUR) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 62,759 shares, a decline of 61.5% from the April 15th total of 163,074 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 52,436 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Tuniu

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in shares of Tuniu by 6.4% during the first quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock valued at $138,000 after acquiring an additional 10,689 shares during the period. Acadian Asset Management LLC grew 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, Jane Street Group LLC acquired a new stake in shares of Tuniu during the 4th quarter worth about $31,000.

Tuniu Stock Down 1.1%

TOUR traded down $0.07 during midday trading on Friday, reaching $6.17. 13,505 shares of the company’s stock were exchanged, compared to its average volume of 19,851. The business has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $7.03. The firm has a market capitalization of $67.38 million, a price-to-earnings ratio of 12.34 and a beta of 0.39. Tuniu has a one year low of $5.65 and a one year high of $10.10.

Tuniu Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be given a dividend of $1.197 per share. This represents a dividend yield of 1,897.0%. The ex-dividend date is Monday, May 4th. Tuniu’s dividend payout ratio (DPR) is 236.00%.

Wall Street Analyst Weigh In

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

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.