Is Buying Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM), Having Higher Short Interest a Winning Strategy? – WhatsOnThorold

The stock of Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) registered an increase of 26.93% in short interest. GSUM’s total short interest was 1.13 million shares in December as published by FINRA. Its up 26.93% from 890,600 shares, reported previously. With 55,000 shares average volume, it will take short sellers 21 days to cover their GSUM’s short positions. The short interest to Gridsum Holding Inc – American Depositary Shares’s float is 11.86%.

The stock increased 1.22% or $0.05 during the last trading session, reaching $4.15. About 26,185 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 42.53% since December 9, 2017 and is downtrending. It has underperformed by 58.15% 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 $127.92 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: Gurufocus.com which released: “George Soros’ Top 5 Buys of 3rd Quarter – GuruFocus.com” on November 20, 2017, also Prnewswire.com with their article: “RM LAW Announces Class Action Lawsuit Against Gridsum Holding Inc. – PR Newswire” published on April 27, 2018, Thestreet.com published: “ZTO Express, One of Alibaba’s Largest Shippers, Has Great Timing For U.S. Listing – TheStreet.com” on October 19, 2016. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Seekingalpha.com and their article: “Tracking George Soros’s Portfolio – Q4 2016 Update – Seeking Alpha” published on February 17, 2017 as well as Nasdaq.com‘s news article titled: “Spread the message: Everbridge prices IPO at $12, the midpoint of the range – Nasdaq” with publication date: September 15, 2016.