It Seems Gridsum Holding Inc – American Depositary Shares (NASDAQ:GSUM) Will Go Down. Just Reported More Shorted Shares

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 July 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 decreased 0.67% or $0.02 during the last trading session, reaching $2.95. About 171,105 shares traded or 159.60% up from the average. Gridsum Holding Inc. (NASDAQ:GSUM) has declined 43.37% since July 27, 2018 and is downtrending. It has underperformed by 47.80% 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 $90.96 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 Prnewswire.com with their article: “Gridsum Announces Formation of a Special Committee to Evaluate Non-Binding Proposal – PRNewswire” published on July 22, 2019, Benzinga.com published: “60 Biggest Movers From Yesterday – Benzinga” on June 18, 2019. 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 Streetinsider.com‘s news article titled: “Gridsum (GSUM) Announces Herman Fong as Board Member and Co-President with Focus on Corporate Development – StreetInsider.com” with publication date: February 01, 2019.