Gridsum Holding Inc – (GSUM) Sees Significant Increase in Short Interest

Gridsum Holding Inc – (NASDAQ:GSUM) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 75,216 shares, an increase of 18.1% from the February 28th total of 63,680 shares. Based on an average trading volume of 50,748 shares, the days-to-cover ratio is currently 1.5 days.

Shares of Gridsum Holding Inc – (NASDAQ:GSUM) traded up 0.41% during mid-day trading on Friday, hitting $12.25. The company had a trading volume of 46,386 shares. The stock’s 50-day moving average is $12.56 and its 200-day moving average is $13.21. The stock’s market cap is $364.25 million. Gridsum Holding Inc – has a 52-week low of $9.90 and a 52-week high of $18.29.

Gridsum Holding Inc – (NASDAQ:GSUM) last issued its quarterly earnings results on Wednesday, March 15th. The technology company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.14. The company had revenue of $153.50 million for the quarter, compared to analyst estimates of $141.89 million. Gridsum Holding Inc -‘s revenue for the quarter was up 66.7% on a year-over-year basis. Equities analysts forecast that Gridsum Holding Inc – will post $0.12 earnings per share for the current year.

Separately, Zacks Investment Research raised Gridsum Holding Inc – from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th.

Several hedge funds have recently modified their holdings of GSUM. Two Sigma Investments LP bought a new stake in shares of Gridsum Holding Inc – during the fourth quarter valued at $184,000. Marshall Wace LLP increased its stake in shares of Gridsum Holding Inc – by 31.6% in the fourth quarter. Marshall Wace LLP now owns 174,559 shares of the technology company’s stock valued at $1,779,000 after buying an additional 41,886 shares during the period. Finally, Matthews International Capital Management LLC increased its stake in shares of Gridsum Holding Inc – by 4.0% in the fourth quarter. Matthews International Capital Management LLC now owns 15,600 shares of the technology company’s stock valued at $159,000 after buying an additional 600 shares during the period.

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About Gridsum Holding Inc –

Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.

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