Does Tuniu Corporation – American Depositary Shares (NASDAQ:TOUR) Have Gas After Even Less Sellers Involved?

October 13, 2018 - By Richard Conner

The stock of Tuniu Corporation – American Depositary Shares (NASDAQ:TOUR) registered a decrease of 4.18% in short interest. TOUR’s total short interest was 1.92M shares in October as published by FINRA. Its down 4.18% from 2.01 million shares, reported previously. With 88,900 shares average volume, it will take short sellers 22 days to cover their TOUR’s short positions. The short interest to Tuniu Corporation – American Depositary Shares’s float is 16.5%.

The stock increased 6.42% or $0.42 during the last trading session, reaching $6.96. About 69,410 shares traded. Tuniu Corporation (NASDAQ:TOUR) has declined 6.87% since October 13, 2017 and is downtrending. It has underperformed by 22.49% the S&P500.

Tuniu Corporation operates as an online leisure travel firm in China. The company has market cap of $879.16 million. The firm offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa processing, financial, hotel booking, and air ticketing services for leisure travelers. It currently has negative earnings. It also provides advertising services to tourism boards and bureaus.

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