Short Interest in Tuniu Co. (NASDAQ:TOUR) Drops By 33.4%

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

Tuniu Stock Down 1.9 %

Tuniu stock opened at $1.03 on Friday. Tuniu has a 52-week low of $0.59 and a 52-week high of $1.76. The firm’s fifty day moving average is $1.08 and its 200 day moving average is $0.98. The company has a market cap of $127.56 million, a price-to-earnings ratio of -103,000.00 and a beta of 1.67.

Tuniu Company Profile

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.