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

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 3.08% or $0.07 during the last trading session, reaching $2.2. About 5,367 shares traded. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 53.30% since September 5, 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 $63.83 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: Benzinga.com which released: “60 Biggest Movers From Yesterday – Benzinga” on June 18, 2019, also Benzinga.com with their article: “31 Stocks Moving In Monday’s Pre-Market Session – Benzinga” published on May 20, 2019, Globenewswire.com published: “The Third Gridsum Hackathon Held Successfully, Demonstrating Global Best of Breed Innovation DNA – GlobeNewswire” on September 07, 2017. More interesting news about Gridsum Holding Inc. (NASDAQ:GSUM) were released by: Benzinga.com and their article: “60 Biggest Movers From Friday – Benzinga” published on March 25, 2019 as well as Investorplace.com‘s news article titled: “Innovation Will Keep Nike Stock on a Winning Path – Investorplace.com” with publication date: January 17, 2019.