Tuniu Co. (NASDAQ:TOUR) Short Interest Down 33.4% in October

Tuniu Co. (NASDAQ:TOUR - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 257,200 shares, a decline of 33.4% from the October 15th total of 386,200 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 579,400 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com cut Tuniu from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 9th.

Hedge Funds Weigh In On Tuniu

A number of institutional investors have recently made changes to their positions in TOUR. Public Employees Retirement System of Ohio acquired a new position in shares of Tuniu in the third quarter worth $50,000. Symmetry Peak Management LLC acquired a new position in shares of Tuniu in the third quarter worth $39,000. XTX Topco Ltd raised its holdings in shares of Tuniu by 163.8% in the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company's stock worth $41,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Tuniu by 13.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company's stock worth $196,000 after acquiring an additional 16,248 shares during the last quarter.

Tuniu Trading Down 1.9 %

Shares of NASDAQ TOUR traded down $0.02 during trading on Friday, reaching $1.03. The company had a trading volume of 215,890 shares, compared to its average volume of 361,731. Tuniu has a twelve month low of $0.59 and a twelve month high of $1.76. The stock has a market capitalization of $127.56 million, a PE ratio of -103,000.00 and a beta of 1.67. The stock has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $0.98.

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.