Tuniu Co. (NASDAQ:TOUR) Sees Significant Decrease in Short Interest

Tuniu Co. (NASDAQ:TOUR) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 257,200 shares, a decrease of 33.4% from the October 15th total of 386,200 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 579,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TOUR. Public Employees Retirement System of Ohio bought a new stake in Tuniu during the third quarter worth approximately $50,000. XTX Topco Ltd boosted its holdings in shares of Tuniu by 163.8% in the 3rd quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 18,000 shares during the period. Symmetry Peak Management LLC bought a new position in shares of Tuniu during the 3rd quarter valued at approximately $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Tuniu by 13.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after buying an additional 16,248 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Tuniu from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th.

Tuniu Trading Down 1.9 %

Shares of NASDAQ:TOUR traded down $0.02 during mid-day trading on Friday, reaching $1.03. The stock had a trading volume of 215,890 shares, compared to its average volume of 361,731. The company has a market cap of $127.56 million, a P/E ratio of -103,000.00 and a beta of 1.67. The business’s 50 day moving average price is $1.08 and its 200 day moving average price is $0.98. Tuniu has a 1 year low of $0.59 and a 1 year high of $1.76.

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.