Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Stock Is Shorted More

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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 March as published by FINRA. Its up 500.53% from 131,200 shares, reported previously. With 1.29M 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 increased 1.03% or $0.04 during the last trading session, reaching $3.94. About 168,716 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 61.60% since March 16, 2018 and is downtrending. It has underperformed by 65.97% 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 $121.48 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 01/08/2019: MAXR,CREE,STM,MEET,GSUM – Nasdaq” on January 08, 2019, also Prnewswire.com with their article: “Gridsum Wins Third Place at the AI Challenger 2018 Global AI Contest – PRNewswire” published on January 09, 2019, Seekingalpha.com published: “SOLO, DBD among premarket gainers – Seeking Alpha” on February 13, 2019. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Prnewswire.com and their article: “Gridsum Announces Receipt of Nasdaq Staff Determination Letter and Intent to Request Hearing – PR Newswire” published on October 31, 2018 as well as Nasdaq.com‘s news article titled: “Asian ADRs Move Lower in Thursday Trading – Nasdaq” with publication date: February 14, 2019.

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