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

Tuniu Co. (NASDAQ:TOUR) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 145,500 shares, a decrease of 14.1% from the January 31st total of 169,400 shares. Based on an average daily volume of 193,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Tuniu Price Performance

Shares of TOUR opened at $1.08 on Thursday. The firm has a fifty day moving average price of $1.00 and a 200 day moving average price of $1.02. The stock has a market cap of $133.75 million, a PE ratio of -108,000.00 and a beta of 1.67. Tuniu has a 1-year low of $0.59 and a 1-year high of $1.76.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Tuniu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOUR. Rhumbline Advisers increased its holdings in shares of Tuniu by 166.0% in the 4th quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after acquiring an additional 16,110 shares during the period. Virtu Financial LLC purchased a new position in Tuniu during the 4th quarter worth $28,000. Millennium Management LLC increased its stake in Tuniu by 93.9% in the fourth quarter. Millennium Management LLC now owns 34,864 shares of the technology company’s stock valued at $36,000 after purchasing an additional 16,882 shares during the period. Symmetry Peak Management LLC purchased a new stake in shares of Tuniu in the third quarter valued at about $39,000. Finally, XTX Topco Ltd raised its holdings in shares of Tuniu by 163.8% in the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after buying an additional 18,000 shares during the last quarter.

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.