Tuniu Co. (NASDAQ:TOUR) Short Interest Down 33.4% in October

Tuniu Co. (NASDAQ:TOUR) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 257,200 shares, a drop of 33.4% from the October 15th total of 386,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 579,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Tuniu

Several institutional investors have recently modified their holdings of the business. Symmetry Peak Management LLC bought a new stake in shares of Tuniu in the third quarter worth $39,000. XTX Topco Ltd increased its holdings 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 buying 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 worth approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Tuniu by 13.4% in 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.

Tuniu Stock Performance

Shares of NASDAQ:TOUR traded down $0.02 during trading on Friday, reaching $1.03. 215,890 shares of the stock traded hands, compared to its average volume of 361,731. The stock has a 50-day moving average of $1.08 and a two-hundred day moving average of $0.98. Tuniu has a 52-week low of $0.59 and a 52-week high of $1.76. The stock has a market cap of $127.56 million, a P/E ratio of -103,000.00 and a beta of 1.67.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Tuniu from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th.

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.