Tuniu Corporation (NASDAQ:TOUR) Sees Significant Decrease in Short Interest

Tuniu Corporation (NASDAQ:TOURGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 62,759 shares, a decline 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. Currently, 2.4% of the company’s shares are sold short.

Tuniu Stock Down 1.1%

NASDAQ TOUR opened at $6.17 on Friday. The firm’s 50 day moving average is $6.93 and its 200-day moving average is $7.03. The company has a market capitalization of $67.38 million, a PE ratio of 12.34 and a beta of 0.39. Tuniu has a 12-month low of $5.65 and a 12-month high of $10.10.

Tuniu Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be given a dividend of $1.197 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a yield of 1,897.0%. Tuniu’s payout ratio is 236.00%.

Hedge Funds Weigh In On Tuniu

Several hedge funds have recently modified their holdings of TOUR. Acadian Asset Management LLC increased its position in shares of Tuniu by 123.6% in the first quarter. Acadian Asset Management LLC now owns 103,781 shares of the technology company’s stock valued at $112,000 after acquiring an additional 57,358 shares during the last quarter. Jane Street Group LLC acquired a new position in Tuniu during the fourth quarter valued at approximately $31,000. Finally, Renaissance Technologies LLC boosted its position in Tuniu by 6.4% during the first quarter. Renaissance Technologies LLC now owns 178,919 shares of the technology company’s stock valued at $138,000 after purchasing an additional 10,689 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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 presently has an average rating of “Sell”.

Read Our Latest Research Report on TOUR

Tuniu Company Profile

(Get Free Report)

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.

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