Short Interest in Tuniu Co. (NASDAQ:TOUR) Drops By 14.1%

Tuniu Co. (NASDAQ:TOUR) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 145,500 shares, a decline of 14.1% from the January 31st total of 169,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 193,300 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Tuniu

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of Tuniu by 166.0% during the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock valued at $27,000 after purchasing an additional 16,110 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $196,000 after purchasing an additional 16,248 shares during the period. Millennium Management LLC boosted its stake in shares of Tuniu by 93.9% during the fourth quarter. Millennium Management LLC now owns 34,864 shares of the technology company’s stock valued at $36,000 after purchasing an additional 16,882 shares during the period. XTX Topco Ltd boosted its stake in shares of Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after purchasing an additional 18,000 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Tuniu during the fourth quarter valued at $28,000.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tuniu from a “hold” rating to a “buy” rating in a research report on Friday, November 29th.

Tuniu Stock Up 3.7 %

TOUR stock opened at $1.12 on Friday. Tuniu has a twelve month low of $0.59 and a twelve month high of $1.76. The stock has a market capitalization of $138.71 million, a price-to-earnings ratio of -112,000.00 and a beta of 1.67. The firm’s fifty day simple moving average is $1.01 and its two-hundred day simple moving average is $1.02.

Tuniu (NASDAQ:TOUR) last posted its quarterly earnings data on Thursday, December 5th. The technology company reported $0.06 earnings per share for the quarter. Tuniu had a negative net margin of 6.22% and a positive return on equity of 9.44%.

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.