Tuniu Corporation (NASDAQ:TOUR) Sees Significant Decrease in Short Interest

Tuniu Corporation (NASDAQ:TOUR) saw a significant drop in short interest during the month of 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. Based on an average daily trading volume, of 19,627 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.8% of the company’s stock are short sold.

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Tuniu Trading Up 2.4%

Shares of NASDAQ TOUR traded up $0.11 during midday trading on Monday, reaching $4.76. The company had a trading volume of 288 shares, compared to its average volume of 19,091. Tuniu has a 1 year low of $4.53 and a 1 year high of $9.85. The business’s 50-day simple moving average is $5.83 and its 200 day simple moving average is $6.51. The stock has a market cap of $51.98 million, a P/E ratio of 7.80 and a beta of 0.37.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TOUR. Acadian Asset Management LLC raised its stake in shares of Tuniu by 123.6% in the first 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. Jane Street Group LLC purchased a new stake in Tuniu in the fourth quarter valued at approximately $31,000. Finally, Renaissance Technologies LLC increased its holdings in Tuniu by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after buying an additional 10,689 shares during the period.

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.