Tuniu Corp (NASDAQ:TOUR) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 115,600 shares, a decline of 63.2% from the June 15th total of 313,800 shares. Based on an average daily trading volume, of 551,100 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TOUR. Morgan Stanley increased its position in shares of Tuniu by 13.2% during the first quarter. Morgan Stanley now owns 3,343,955 shares of the technology company’s stock valued at $3,344,000 after purchasing an additional 388,763 shares during the period. Renaissance Technologies LLC increased its position in shares of Tuniu by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,174,500 shares of the technology company’s stock valued at $2,960,000 after purchasing an additional 53,720 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Tuniu by 11.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 243,854 shares of the technology company’s stock valued at $615,000 after purchasing an additional 24,926 shares during the period. Institutional investors and hedge funds own 14.16% of the company’s stock.
Shares of NASDAQ TOUR opened at $1.43 on Tuesday. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $1.44. The company has a market cap of $179.09 million, a P/E ratio of -1.61 and a beta of 1.53. Tuniu has a 12 month low of $0.73 and a 12 month high of $3.45.
Tuniu (NASDAQ:TOUR) last released its quarterly earnings data on Thursday, April 9th. The technology company reported ($0.34) earnings per share (EPS) for the quarter. The firm had revenue of $64.82 million for the quarter. Tuniu had a negative net margin of 37.81% and a negative return on equity of 18.88%.
Tuniu Company Profile
Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.
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