Short Interest in Tuniu Corporation (NASDAQ:TOUR) Declines By 67.1%

Tuniu Corporation (NASDAQ:TOUR) was the target of a significant drop in short interest in the month of 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. Based on an average trading volume of 19,627 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Tuniu

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Tuniu during the fourth quarter worth about $31,000. Acadian Asset Management LLC lifted its holdings in Tuniu by 123.6% in the 1st 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in 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 Trading Up 2.0%

Tuniu stock traded up $0.09 during midday trading on Friday, hitting $4.65. The stock had a trading volume of 13,170 shares, compared to its average volume of 18,885. Tuniu has a 52-week low of $4.53 and a 52-week high of $9.85. The company has a market capitalization of $50.78 million, a PE ratio of 7.62 and a beta of 0.37. The firm’s fifty day moving average is $5.83 and its two-hundred day moving average is $6.52.

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

Wall Street Analysts Forecast Growth

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