Short Interest in Quhuo Limited Sponsored ADR (NASDAQ:QH) Expands By 533.6%

Quhuo Limited Sponsored ADR (NASDAQ:QH) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 182,573 shares, an increase of 533.6% from the November 30th total of 28,815 shares. Approximately 405.7% of the shares of the company are sold short. Based on an average daily volume of 1,293,542 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,293,542 shares, the short-interest ratio is presently 0.1 days. Approximately 405.7% of the shares of the company are sold short.

Quhuo Price Performance

NASDAQ:QH opened at $1.20 on Friday. The company’s 50 day moving average is $1.91 and its 200-day moving average is $31.07. Quhuo has a 12 month low of $0.74 and a 12 month high of $169.07.

Quhuo (NASDAQ:QH) last posted its quarterly earnings data on Friday, September 26th. The company reported ($27.00) earnings per share for the quarter. The company had revenue of $78.96 million during the quarter.

Wall Street Analyst Weigh In

QH has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quhuo in a report on Wednesday, October 8th. Wall Street Zen lowered Quhuo from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Quhuo

Quhuo Inc is a China-based mobile internet platform that provides digital solutions for personalized mobility and driver management services. The company connects passengers and corporate clients with professional chauffeurs through its on-demand and scheduled ride-hailing offerings, emphasizing safety, reliability and customer experience. Quhuo’s smartphone applications support real-time booking, route optimization and seamless digital payment processing for iOS and Android users.

In addition to its core passenger transportation business, Quhuo delivers business-to-business SaaS solutions to automotive enterprises and logistics providers.