Could Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Skyrocket? The Stock Had Too Little Sellers

The stock of Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) registered a decrease of 23.85% in short interest. GSUM’s total short interest was 557,900 shares in September as published by FINRA. Its down 23.85% from 732,600 shares, reported previously. With 49,500 shares average volume, it will take short sellers 11 days to cover their GSUM’s short positions.

The stock decreased 4.27% or $0.09 during the last trading session, reaching $2.02. About 5,415 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 53.30% since September 22, 2018 and is downtrending. It has underperformed by 53.30% 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 $62.28 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: “Gridsum prices IPO at $13, above the range – Nasdaq” on September 23, 2016, also Prnewswire.com with their article: “Gridsum Publishes Letter to Shareholders from CEO – PRNewswire” published on January 08, 2019, Seekingalpha.com published: “Microcaps mostly among tech movers – Seeking Alpha” on August 15, 2019. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Prnewswire.com and their article: “Gridsum Announces Receipt of Preliminary Non-Binding Proposal – PRNewswire” published on July 16, 2019 as well as Seekingalpha.com‘s news article titled: “SOLO, DBD among premarket gainers – Seeking Alpha” with publication date: February 13, 2019.