Tuniu Co. (NASDAQ:TOUR) Sees Large Drop in Short Interest

Tuniu Co. (NASDAQ:TOURGet Rating) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 28,000 shares, a drop of 95.5% from the March 15th total of 620,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 307,400 shares, the short-interest ratio is currently 0.1 days.

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Tuniu in the 4th quarter worth about $43,000. MARSHALL WACE ASIA Ltd acquired a new stake in Tuniu in the 3rd quarter worth about $115,000. Bank of America Corp DE acquired a new position in shares of Tuniu during the 4th quarter worth approximately $485,000. Renaissance Technologies LLC boosted its holdings in shares of Tuniu by 40.7% during the 4th quarter. Renaissance Technologies LLC now owns 679,799 shares of the technology company’s stock worth $659,000 after purchasing an additional 196,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Tuniu during the 4th quarter worth approximately $1,403,000. Institutional investors own 23.88% of the company’s stock.

Separately, StockNews.com assumed coverage on Tuniu in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

NASDAQ:TOUR opened at $0.80 on Wednesday. Tuniu has a 52 week low of $0.70 and a 52 week high of $3.25. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $103.82 million, a PE ratio of -5.33 and a beta of 2.13. The stock’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.14.

Tuniu (NASDAQ:TOURGet Rating) last posted its earnings results on Thursday, March 17th. The technology company reported ($0.03) EPS for the quarter. Tuniu had a negative net margin of 28.49% and a negative return on equity of 8.07%. The business had revenue of $11.52 million for the quarter.

About Tuniu (Get Rating)

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.

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