Gridsum Holding Inc – (NASDAQ:GSUM) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 188,200 shares, an increase of 20.0% from the August 31st total of 156,800 shares. Based on an average daily trading volume, of 276,600 shares, the short-interest ratio is currently 0.7 days.
An institutional investor recently bought a new position in Gridsum stock. Goldman Sachs Group Inc. acquired a new stake in shares of Gridsum Holding Inc – (NASDAQ:GSUM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. 15.62% of the stock is owned by hedge funds and other institutional investors.
NASDAQ GSUM traded up $0.48 during trading on Thursday, hitting $1.69. 14,579,567 shares of the company’s stock traded hands, compared to its average volume of 444,754. The stock has a fifty day moving average of $0.97 and a two-hundred day moving average of $0.79. Gridsum has a 12-month low of $0.24 and a 12-month high of $2.50. The firm has a market cap of $58.24 million, a P/E ratio of -0.72 and a beta of 2.15.
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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