Secoo Holding Limited (NASDAQ:SECO) Sees Significant Decrease in Short Interest

Secoo Holding Limited (NASDAQ:SECOGet Rating) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 21,400 shares, a decline of 62.7% from the May 15th total of 57,400 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 359,100 shares, the short-interest ratio is currently 0.1 days.

Secoo stock opened at $0.27 on Friday. The company has a current ratio of 3.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.76. The business’s 50-day simple moving average is $0.29 and its 200-day simple moving average is $0.37. Secoo has a 52 week low of $0.22 and a 52 week high of $2.55.

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its stake in Secoo by 37.1% during the second quarter. Millennium Management LLC now owns 79,295 shares of the company’s stock valued at $195,000 after acquiring an additional 21,446 shares during the period. FMR LLC bought a new position in Secoo during the first quarter valued at about $2,905,000. Renaissance Technologies LLC increased its stake in Secoo by 512.4% during the fourth quarter. Renaissance Technologies LLC now owns 564,600 shares of the company’s stock valued at $271,000 after acquiring an additional 472,400 shares during the period. Man Group plc increased its stake in Secoo by 5.9% during the third quarter. Man Group plc now owns 2,027,700 shares of the company’s stock valued at $2,504,000 after acquiring an additional 112,745 shares during the period. Finally, IDG Technology Venture Investment IV LLC bought a new position in Secoo during the fourth quarter valued at about $2,616,000. Institutional investors and hedge funds own 16.49% of the company’s stock.

About Secoo (Get Rating)

Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in the People's Republic of China, Hong Kong, and internationally. It provides upscale brand products and services, including handbags, watches, clothing, footwear, jewelry and accessories, cosmetics and skincare, home accessories, sportswear, home goods, fine food and beverage products, arts, 3C electronic devices, and Chinese original products, as well as lifestyle services through its website, mobile applications, and offline experience centers.

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