Tuniu Co. (NASDAQ:TOUR) Short Interest Update

Tuniu Co. (NASDAQ:TOUR) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 182,300 shares, a drop of 21.8% from the March 15th total of 233,100 shares. Based on an average daily trading volume, of 392,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Tuniu Stock Down 1.9 %

Shares of NASDAQ:TOUR opened at $0.78 on Monday. The business’s 50 day moving average is $0.71 and its 200 day moving average is $0.79. The stock has a market cap of $101.22 million, a P/E ratio of -8.67 and a beta of 1.84. Tuniu has a 52-week low of $0.59 and a 52-week high of $2.06. The company has a quick ratio of 1.55, a current ratio of 1.57 and a debt-to-equity ratio of 0.01.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings results on Wednesday, March 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $14.08 million for the quarter. Tuniu had a positive return on equity of 4.93% and a negative net margin of 23.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TOUR. Envestnet Asset Management Inc. boosted its stake in shares of Tuniu by 117.0% during the second quarter. Envestnet Asset Management Inc. now owns 55,784 shares of the technology company’s stock valued at $92,000 after purchasing an additional 30,083 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tuniu by 53.3% during the first quarter. Geode Capital Management LLC now owns 24,726 shares of the technology company’s stock worth $46,000 after buying an additional 8,594 shares during the period. Bank of America Corp DE boosted its position in Tuniu by 5.2% during the 1st quarter. Bank of America Corp DE now owns 526,077 shares of the technology company’s stock valued at $984,000 after acquiring an additional 26,077 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Tuniu in the 1st quarter valued at $81,000. Finally, Morgan Stanley raised its position in shares of Tuniu by 0.4% in the 4th quarter. Morgan Stanley now owns 4,532,175 shares of the technology company’s stock worth $6,844,000 after acquiring an additional 19,284 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Tuniu from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.

About Tuniu

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.