Tuniu Co. (NASDAQ:TOUR) Short Interest Down 13.6% in January

Tuniu Co. (NASDAQ:TOUR) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 158,000 shares, a decline of 13.6% from the December 31st total of 182,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 298,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Tuniu

Several large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 buying an additional 16,248 shares in the last quarter. Symmetry Peak Management LLC bought a new position in shares of Tuniu during the third quarter valued at $39,000. Public Employees Retirement System of Ohio purchased a new position in shares of Tuniu in the 3rd quarter worth about $50,000. XTX Topco Ltd boosted its stake in Tuniu by 163.8% in the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Tuniu by 166.0% during the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after purchasing an additional 16,110 shares during the last quarter.

Tuniu Trading Down 3.8 %

TOUR traded down $0.04 during trading on Friday, reaching $0.99. The stock had a trading volume of 165,321 shares, compared to its average volume of 106,501. Tuniu has a one year low of $0.59 and a one year high of $1.76. The company has a market capitalization of $122.66 million, a price-to-earnings ratio of -99,050.00 and a beta of 1.70. The stock’s 50 day moving average is $1.02 and its two-hundred day moving average is $1.00.

Tuniu (NASDAQ:TOUR) last issued its quarterly earnings results on Thursday, December 5th. The technology company reported $0.06 earnings per share (EPS) for the quarter. Tuniu had a negative net margin of 6.22% and a positive return on equity of 9.44%.

Analyst Upgrades and Downgrades

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

About Tuniu

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.