Tuniu Corporation (NASDAQ:TOUR) Short Interest Up 243.2% in August

Tuniu Corporation (NASDAQ:TOUR) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 100,448 shares, a growth of 243.2% from the August 15th total of 29,268 shares. Based on an average daily trading volume, of 7,728 shares, the short-interest ratio is presently 13.0 days. Approximately 3.8% of the company’s stock are sold short.

Tuniu Stock Down 1.0%

NASDAQ TOUR opened at $5.11 on Friday. The firm has a market cap of $55.80 million, a P/E ratio of 15.97 and a beta of 0.44. Tuniu has a 52-week low of $4.53 and a 52-week high of $9.85. The business’s 50-day moving average price is $5.02 and its 200 day moving average price is $5.85.

Tuniu (NASDAQ:TOUR) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.03 EPS for the quarter. The company had revenue of $20.45 million during the quarter. Tuniu had a net margin of 3.73% and a return on equity of 3.17%.

Institutional Investors Weigh In On Tuniu

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Tuniu in the 4th quarter valued at approximately $31,000. Acadian Asset Management LLC lifted its position in shares of Tuniu by 123.6% in the first quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock valued at $112,000 after acquiring an additional 57,358 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Tuniu by 6.4% in the first quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock valued at $138,000 after acquiring an additional 10,689 shares in the last quarter. Finally, Yiheng Capital Management L.P. acquired a new stake in shares of Tuniu during the second quarter valued at $152,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tuniu in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Tuniu

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.