Short Interest in Tuniu Co. (NASDAQ:TOUR) Decreases By 18.5%

Tuniu Co. (NASDAQ:TOUR) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 150,900 shares, a decline of 18.5% from the June 30th total of 185,100 shares. Based on an average daily volume of 186,400 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Tuniu Stock Performance

Tuniu stock opened at $0.93 on Friday. The stock’s 50 day moving average price is $0.99 and its 200 day moving average price is $0.83. The firm has a market capitalization of $120.18 million, a PE ratio of -15.43 and a beta of 1.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67. Tuniu has a one year low of $0.59 and a one year high of $1.60.

Tuniu (NASDAQ:TOUR) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.04 EPS for the quarter. Tuniu had a positive return on equity of 7.63% and a negative net margin of 16.69%. The firm had revenue of $14.95 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tuniu from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th.

About Tuniu

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.