Tuniu Corporation (NASDAQ:TOUR) Short Interest Update

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

Tuniu Stock Up 0.9%

NASDAQ:TOUR traded up $0.06 during trading hours on Thursday, reaching $6.25. The company had a trading volume of 1,390 shares, compared to its average volume of 19,881. The firm has a market cap of $68.20 million, a price-to-earnings ratio of 12.49 and a beta of 0.39. The business’s 50-day simple moving average is $6.95 and its two-hundred day simple moving average is $7.05. Tuniu has a twelve month low of $5.65 and a twelve month high of $10.10.

Tuniu Dividend Announcement

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

Institutional Investors Weigh In On Tuniu

A hedge fund recently bought a new stake in Tuniu stock. Jane Street Group LLC bought a new position in shares of Tuniu Corporation (NASDAQ:TOUR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,564 shares of the technology company’s stock, valued at approximately $31,000.

Wall Street Analysts Forecast Growth

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