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

Tuniu Co. (NASDAQ:TOUR) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 257,200 shares, a decrease of 33.4% from the October 15th total of 386,200 shares. Based on an average daily trading volume, of 579,400 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Tuniu from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th.

Tuniu Stock Down 1.9 %

Shares of NASDAQ TOUR opened at $1.03 on Friday. Tuniu has a 52-week low of $0.59 and a 52-week high of $1.76. The firm’s 50-day moving average price is $1.08 and its 200-day moving average price is $0.98. The company has a market cap of $127.56 million, a PE ratio of -103,000.00 and a beta of 1.67.

Institutional Trading of Tuniu

A number of hedge funds have recently bought and sold shares of TOUR. Connor Clark & Lunn Investment Management Ltd. grew its position in Tuniu by 13.4% during the third 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. Symmetry Peak Management LLC bought a new stake in Tuniu during the third quarter valued at about $39,000. XTX Topco Ltd increased its position in Tuniu by 163.8% in 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, Public Employees Retirement System of Ohio bought a new position in shares of Tuniu in the third quarter worth about $50,000.

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.