Tuniu Corporation (NASDAQ:TOUR) Short Interest Update

Tuniu Corporation (NASDAQ:TOUR) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 62,759 shares, a decline of 61.5% from the April 15th total of 163,074 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 52,436 shares, the short-interest ratio is currently 1.2 days.

Tuniu Stock Up 0.9%

Tuniu stock traded up $0.06 during midday trading on Thursday, hitting $6.25. 1,390 shares of the stock were exchanged, compared to its average volume of 19,881. Tuniu has a 52-week low of $5.65 and a 52-week high of $10.10. The stock has a market capitalization of $68.20 million, a price-to-earnings ratio of 12.49 and a beta of 0.39. The business’s 50-day moving average price is $6.95 and its 200-day moving average price is $7.05.

Tuniu Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be issued a dividend of $1.197 per share. The ex-dividend date is Monday, May 4th. This represents a yield of 1,897.0%. Tuniu’s payout ratio is 234.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tuniu stock. Jane Street Group LLC bought a new stake in Tuniu Corporation (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,564 shares of the technology company’s stock, valued at approximately $31,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tuniu presently 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.