Tuniu Co. (NASDAQ:TOUR) Short Interest Down 16.6% in November

Tuniu Co. (NASDAQ:TOUR) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 185,400 shares, a decrease of 16.6% from the November 15th total of 222,200 shares. Based on an average daily volume of 640,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Tuniu

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Symmetry Peak Management LLC bought a new position in shares of Tuniu during the 3rd quarter valued at approximately $39,000. XTX Topco Ltd grew its stake in shares of Tuniu by 163.8% during the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after acquiring an additional 18,000 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Tuniu during the 3rd quarter valued at approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Tuniu by 13.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after acquiring an additional 16,248 shares during the period.

Tuniu Stock Down 1.0 %

NASDAQ TOUR opened at $1.04 on Friday. Tuniu has a 52 week low of $0.59 and a 52 week high of $1.76. The firm has a market capitalization of $128.79 million, a P/E ratio of -104,000.00 and a beta of 1.68. The company has a 50-day moving average price of $1.12 and a 200-day moving average price of $1.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tuniu from a “hold” rating to a “buy” rating in a research report on Friday, November 29th.

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.