Short Interest in Tuniu Co. (NASDAQ:TOUR) Decreases By 16.6%

Tuniu Co. (NASDAQ:TOUR) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 185,400 shares, a decrease of 16.6% from the November 15th total of 222,200 shares. Based on an average daily trading volume, of 640,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tuniu from a “hold” rating to a “buy” rating in a report on Friday, November 29th.

Tuniu Trading Down 1.0 %

Shares of Tuniu stock opened at $1.04 on Friday. Tuniu has a 12-month low of $0.59 and a 12-month high of $1.76. The firm’s 50 day simple moving average is $1.11 and its two-hundred day simple moving average is $1.00. The firm has a market capitalization of $128.79 million, a price-to-earnings ratio of -104,000.00 and a beta of 1.68.

Hedge Funds Weigh In On Tuniu

Several hedge funds have recently made changes to their positions in TOUR. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 valued at $196,000 after purchasing an additional 16,248 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Tuniu in the third quarter worth about $50,000. XTX Topco Ltd lifted its holdings in shares of Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 18,000 shares during the period. Finally, Symmetry Peak Management LLC purchased a new stake in Tuniu in the third quarter valued at approximately $39,000.

Tuniu Company Profile

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.