Tuniu Co. (NASDAQ:TOUR) Sees Significant Increase in Short Interest

Tuniu Co. (NASDAQ:TOUR) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 386,200 shares, a growth of 132.4% from the September 30th total of 166,200 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 556,400 shares, the days-to-cover ratio is currently 0.7 days.

Tuniu Trading Down 0.9 %

NASDAQ:TOUR traded down $0.01 on Monday, hitting $1.15. 253,677 shares of the stock were exchanged, compared to its average volume of 366,336. The stock has a market cap of $142.42 million, a PE ratio of -19.33 and a beta of 1.64. The stock has a fifty day moving average of $0.99 and a 200-day moving average of $0.95. Tuniu has a fifty-two week low of $0.59 and a fifty-two week high of $1.76.

Tuniu (NASDAQ:TOUR) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Tuniu had a positive return on equity of 9.17% and a negative net margin of 7.75%. The business had revenue of $16.09 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Tuniu in a research note on Wednesday, October 23rd. They set a “buy” rating for the company.

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.