Could Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Go Up After Its Newest Short Interest Report?

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 April 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 4.65% or $0.16 during the last trading session, reaching $3.6. About 118,907 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 61.60% since April 27, 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 $111.00 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: Prnewswire.com which released: “Gridsum Announces Changes to Board of Directors – PRNewswire” on April 02, 2019, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Open Lower; Winnebago Industries Posts Mixed Q4 Results – Nasdaq” published on March 25, 2019, Valuewalk.com published: “Gridsum Co-CFO Ravi Sarathy On Pioneering Enterprise Software In China – ValueWalk” on February 05, 2018. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Nasdaq.com and their article: “Gridsum prices IPO at $13, above the range – Nasdaq” published on September 23, 2016 as well as Prnewswire.com‘s news article titled: “Gridsum Forms Strategic Technology Partnership with New H3C Group – PRNewswire” with publication date: February 13, 2019.