Quhuo Limited (NASDAQ:QH) Short Interest Update

Quhuo Limited (NASDAQ:QH – Get Rating) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 16,600 shares, a decrease of 38.7% from the April 15th total of 27,100 shares. Based on an average daily trading volume, of 70,600 shares, the days-to-cover ratio is presently 0.2 days.

Separately, Zacks Investment Research raised Quhuo from a “sell” rating to a “hold” rating in a research note on Tuesday, February 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in shares of Quhuo by 149.4% in the first quarter. Morgan Stanley now owns 48,502 shares of the company’s stock valued at $301,000 after acquiring an additional 29,058 shares during the last quarter. Millennium Management LLC acquired a new stake in Quhuo during the 3rd quarter worth $52,000. Renaissance Technologies LLC grew its holdings in Quhuo by 233.9% during the 4th quarter. Renaissance Technologies LLC now owns 36,401 shares of the company’s stock worth $40,000 after acquiring an additional 25,500 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Quhuo during the 4th quarter worth $33,000. Institutional investors and hedge funds own 0.25% of the company’s stock.

Shares of NASDAQ:QH traded up $0.01 during midday trading on Friday, hitting $0.40. 44,175 shares of the stock were exchanged, compared to its average volume of 25,815. Quhuo has a 52-week low of $0.33 and a 52-week high of $5.11. The business’s fifty day simple moving average is $0.58 and its two-hundred day simple moving average is $0.94.

About Quhuo (Get Rating)

Quhuo Limited, through its subsidiaries, operates a workforce operational solution platform in the People's Republic of China. The company provides tech-enabled and end-to-end operational solutions to blue-chip on-demand consumer service businesses in industries with e-commerce exposure, including delivery, ride-hailing, housekeeping, and bike-sharing.

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