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

Tuniu Co. (NASDAQ:TOUR) was the recipient of a large decline in short interest in the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 193,300 shares, the short-interest ratio is presently 0.8 days.

Tuniu Stock Performance

Shares of NASDAQ:TOUR opened at $1.03 on Wednesday. Tuniu has a 52 week low of $0.59 and a 52 week high of $1.76. The company has a market capitalization of $127.56 million, a PE ratio of -103,000.00 and a beta of 1.67. The company has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $1.02.

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

Institutional Investors Weigh In On Tuniu

A number of hedge funds and other institutional investors have recently made changes to their positions in TOUR. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Tuniu by 13.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock worth $196,000 after purchasing an additional 16,248 shares in the last quarter. Symmetry Peak Management LLC bought a new stake in Tuniu during the third quarter worth about $39,000. XTX Topco Ltd boosted its position in 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 last quarter. Public Employees Retirement System of Ohio bought a new position in Tuniu in the third quarter valued at approximately $50,000. Finally, Rhumbline Advisers raised its position in Tuniu by 166.0% during the fourth quarter. Rhumbline Advisers now owns 25,817 shares of the technology company’s stock worth $27,000 after acquiring an additional 16,110 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tuniu from a “hold” rating to a “buy” rating in a research note on Friday, November 29th.

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.