Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Just Reported Increased Shorts

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 May 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 increased 2.65% or $0.09 during the last trading session, reaching $3.49. About 39,199 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 61.60% since May 18, 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 $107.61 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: Streetinsider.com which released: “Gridsum (GSUM) Announces Herman Fong as Board Member and Co-President with Focus on Corporate Development – StreetInsider.com” on February 01, 2019, also Seekingalpha.com with their article: “SOLO, DBD among premarket gainers – Seeking Alpha” published on February 13, 2019, Prnewswire.com published: “Gridsum Reports Audited Full Year 2018 Financial Results – PRNewswire” on April 24, 2019. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Prnewswire.com and their article: “Gridsum Forms Strategic Technology Partnership with New H3C Group – PRNewswire” published on February 13, 2019 as well as Prnewswire.com‘s news article titled: “Gridsum Receives NASDAQ Notices and Files Annual Report and Interim Report – PRNewswire” with publication date: January 07, 2019.