Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Sellers Increased By 500.53% Their 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 June 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 0.59% or $0.02 during the last trading session, reaching $3.39. About 4,258 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 61.60% since June 4, 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 $104.53 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 Enters into Strategic Alliance with ShineWing to Intelligentize Professional Services – PRNewswire” on April 29, 2019, also Benzinga.com with their article: “20 Stocks Moving In Monday’s Pre-Market Session – Benzinga” published on December 17, 2018, Prnewswire.com published: “Gridsum Extends Contract with Beijing Gehua CATV Network Co., Ltd. – PR Newswire” on March 14, 2018. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Seekingalpha.com and their article: “Wall Street Breakfast: What Moved Markets This Week – Seeking Alpha” published on February 16, 2019 as well as Streetinsider.com‘s news article titled: “Gridsum (GSUM) Reports Suspension of Audit Report on Financial Statements – StreetInsider.com” with publication date: April 23, 2018.