Quhuo Limited (NASDAQ:QH) Short Interest Down 12.3% in February

Quhuo Limited (NASDAQ:QH) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 23,500 shares, a drop of 12.3% from the January 31st total of 26,800 shares. Based on an average trading volume of 19,100 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Quhuo

A hedge fund recently bought a new stake in Quhuo stock. Renaissance Technologies LLC bought a new position in shares of Quhuo Limited (NASDAQ:QH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,500 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned about 0.38% of Quhuo as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.17% of the company’s stock.

Quhuo Price Performance

QH stock traded down $0.01 during trading on Thursday, hitting $1.49. The company had a trading volume of 3,945 shares, compared to its average volume of 2,164,010. The company has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.27. Quhuo has a fifty-two week low of $0.25 and a fifty-two week high of $2.27.

About Quhuo

Quhuo Limited, through its subsidiaries, operates a gig economy platform in the People’s Republic of China. The company offers on-demand delivery solutions focusing on preparing food and deliver of other items, such as grocery and fresh food; and mobility services solutions comprise ride-hailing solutions, shared-bike maintenance, freight service, and vehicle export solutions.