Tuniu Corporation (NASDAQ:TOUR) Short Interest Down 67.1% in June

Tuniu Corporation (NASDAQ:TOUR) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 20,468 shares, a drop of 67.1% from the May 31st total of 62,242 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 19,627 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Tuniu

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its holdings in shares of Tuniu by 123.6% in the 1st 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 during the last quarter. Jane Street Group LLC bought a new stake in Tuniu during the fourth quarter worth approximately $31,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Tuniu by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock worth $138,000 after purchasing an additional 10,689 shares during the period.

Tuniu Stock Performance

NASDAQ:TOUR traded up $0.09 during trading hours on Friday, reaching $4.65. The stock had a trading volume of 13,170 shares, compared to its average volume of 18,885. The stock has a market capitalization of $50.78 million, a PE ratio of 7.62 and a beta of 0.37. Tuniu has a 52 week low of $4.53 and a 52 week high of $9.85. The company has a 50 day moving average price of $5.83 and a two-hundred day moving average price of $6.52.

Tuniu (NASDAQ:TOUR) last posted its earnings results on Friday, June 5th. The technology company reported $0.04 EPS for the quarter. Tuniu had a return on equity of 4.57% and a net margin of 6.09%.The firm had revenue of $19.23 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.