Gridsum Holding Inc – (NASDAQ:GSUM) was the recipient of a large drop in short interest during the month of March. As of March 29th, there was short interest totalling 647,772 shares, a drop of 30.1% from the March 15th total of 927,308 shares. Based on an average trading volume of 174,873 shares, the days-to-cover ratio is presently 3.7 days.
Shares of NASDAQ GSUM opened at $3.18 on Tuesday. Gridsum has a 52-week low of $1.29 and a 52-week high of $8.59.
An institutional investor recently bought a new position in Gridsum stock. Prudential PLC purchased a new stake in shares of Gridsum Holding Inc – (NASDAQ:GSUM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 508,450 shares of the technology company’s stock, valued at approximately $1,134,000. Prudential PLC owned about 2.02% of Gridsum as of its most recent SEC filing. Hedge funds and other institutional investors own 33.25% of the company’s stock.
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Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform and Gridsum Prophet performs multi-dimensional correlation analysis and analyzes complex real-time events.
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