Does Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Have Gas After Even More Sellers Involved?

The stock of Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) registered an increase of 500.53% in short interest. GSUM’s total short interest was 787,900 shares in July as published by FINRA. Its up 500.53% from 131,200 shares, reported previously. With 1.29 million shares average volume, it will take short sellers 1 days to cover their GSUM’s short positions. The short interest to Gridsum Holding Inc – American Depositary Shares’s float is 27.74%.

The stock decreased 0.67% or $0.02 during the last trading session, reaching $2.95. About 171,105 shares traded or 159.60% up from the average. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 43.37% since July 27, 2018 and is downtrending. It has underperformed by 47.80% the S&P500.

Gridsum Holding Inc. provides data analysis software for multinational and domestic enterprises, and government agencies in China. The company has market cap of $90.96 million. The Company’s proprietary distributed data architecture allows its clients to collect and analyze vast amounts of information; and Gridsum Big Data platform performs multi-dimensional correlation analysis and analyzes complex real-time events. It currently has negative earnings. The firm offers Web Dissector to analyze customer Websites by monitoring and analyzing key performance indicators; Mobile Dissector to understand mobile app user activity; SEM Dissector for search engine marketing; SEO Dissector, a search engine optimization tool; Ad Dissector, an advertisement performance monitoring and optimization product; Contribution Dissector to evaluate the performance of advertising campaigns; Audience Dissector, an audience analysis product; Recommendation Engine, a data driven content recommendation solution.

More notable recent Gridsum Holding Inc. (NASDAQ:GSUM) news were published by: Nasdaq.com which released: “Technology Sector Update for 05/07/2019: SEDG, IT, EVBG, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” on May 07, 2019, also Seekingalpha.com with their article: “ICPT, ORPN and NAVI among premarket gainers – Seeking Alpha” published on February 19, 2019, Benzinga.com published: “60 Biggest Movers From Friday – Benzinga” on March 25, 2019. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Benzinga.com and their article: “31 Stocks Moving In Monday’s Pre-Market Session – Benzinga” published on May 20, 2019 as well as Prnewswire.com‘s news article titled: “Gridsum Expands Relationship with NIKE – PRNewswire” with publication date: January 10, 2019.