Gridsum Holding Inc – (NASDAQ:GSUM) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 135,200 shares, a decline of 28.2% from the September 15th total of 188,200 shares. Based on an average daily volume of 539,400 shares, the days-to-cover ratio is presently 0.3 days.
A hedge fund recently bought a new stake in Gridsum stock. Goldman Sachs Group Inc. acquired a new position in Gridsum Holding Inc – (NASDAQ:GSUM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 783,218 shares of the technology company’s stock, valued at approximately $548,000. Goldman Sachs Group Inc. owned about 2.27% of Gridsum as of its most recent SEC filing. 15.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of GSUM traded down $0.01 during mid-day trading on Friday, reaching $1.80. The company had a trading volume of 323,168 shares, compared to its average volume of 448,889. The firm has a 50-day moving average price of $1.30 and a 200 day moving average price of $0.88. Gridsum has a 52 week low of $0.24 and a 52 week high of $2.50. The company has a market capitalization of $62.03 million, a price-to-earnings ratio of -0.78 and a beta of 1.91.
Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform and Gridsum Prophet performs multi-dimensional correlation analysis and analyzes complex real-time events.
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