Short Interest in Gridsum Holding Inc – (NASDAQ:GSUM) Increases By 20.0%

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Gridsum Holding Inc – (NASDAQ:GSUM) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 188,200 shares, a growth of 20.0% from the August 31st total of 156,800 shares. Based on an average daily volume of 276,600 shares, the short-interest ratio is presently 0.7 days.

Shares of NASDAQ GSUM traded up $0.16 during trading on Friday, hitting $1.85. 2,661,363 shares of the company traded hands, compared to its average volume of 456,489. The business’s fifty day moving average is $1.00 and its 200 day moving average is $0.79. Gridsum has a fifty-two week low of $0.24 and a fifty-two week high of $2.50. The firm has a market capitalization of $63.75 million, a price-to-earnings ratio of -0.80 and a beta of 2.15.

A hedge fund recently bought a new stake in Gridsum stock. Goldman Sachs Group Inc. acquired a new stake in shares of Gridsum Holding Inc – (NASDAQ:GSUM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 783,218 shares of the technology company’s stock, valued at approximately $548,000. Goldman Sachs Group Inc. owned 2.27% of Gridsum at the end of the most recent quarter. Institutional investors and hedge funds own 15.62% of the company’s stock.

About Gridsum

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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