Short Interest in Gridsum Holding Inc – (NASDAQ:GSUM) Rises By 20.0%

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 Company Profile

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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