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

Tuniu Corporation (NASDAQ:TOUR) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 100,448 shares, an increase of 243.2% from the August 15th total of 29,268 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 7,728 shares, the short-interest ratio is currently 13.0 days.

Hedge Funds Weigh In On Tuniu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Tuniu in the 4th quarter valued at about $31,000. Acadian Asset Management LLC increased 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 worth $112,000 after purchasing an additional 57,358 shares during the last quarter. Renaissance Technologies LLC increased 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 worth $138,000 after purchasing an additional 10,689 shares during the last quarter. Finally, Yiheng Capital Management L.P. purchased a new stake in Tuniu in the second quarter valued at approximately $152,000.

Tuniu Stock Performance

NASDAQ TOUR traded up $0.07 on Monday, hitting $5.18. The stock had a trading volume of 548 shares, compared to its average volume of 15,742. Tuniu has a 52-week low of $4.53 and a 52-week high of $9.85. The company has a market capitalization of $56.57 million, a price-to-earnings ratio of 16.19 and a beta of 0.44. The firm has a 50-day moving average of $5.02 and a 200-day moving average of $5.85.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.03 EPS for the quarter. The firm 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%.

Wall Street Analysts Forecast Growth

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

Tuniu Company Profile

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.