Quhuo Limited (NASDAQ:QH) Short Interest Update

Quhuo Limited (NASDAQ:QHGet Rating) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 9,000 shares, a decline of 45.8% from the April 30th total of 16,600 shares. Based on an average trading volume of 68,500 shares, the short-interest ratio is currently 0.1 days.

QH stock remained flat at $$0.35 during midday trading on Friday. The company’s stock had a trading volume of 17,216 shares, compared to its average volume of 67,766. The stock’s 50 day moving average is $0.53 and its two-hundred day moving average is $0.84. The company has a market cap of $18.44 million, a P/E ratio of -1.30 and a beta of -0.07. Quhuo has a 52-week low of $0.31 and a 52-week high of $4.64.

Institutional investors have recently modified their holdings of the company. Millennium Management LLC bought a new stake in shares of Quhuo in the third quarter valued at about $52,000. Virtu Financial LLC bought a new stake in shares of Quhuo in the fourth quarter valued at about $33,000. Renaissance Technologies LLC increased its position in shares of Quhuo by 233.9% in the fourth quarter. Renaissance Technologies LLC now owns 36,401 shares of the company’s stock valued at $40,000 after acquiring an additional 25,500 shares during the last quarter. Finally, Morgan Stanley increased its position 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. Institutional investors own 0.25% of the company’s stock.

Separately, Zacks Investment Research lowered Quhuo from a “buy” rating to a “hold” rating in a report on Thursday, May 19th.

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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