Quhuo Limited (NASDAQ:QH) Sees Significant Decline in Short Interest

Quhuo Limited (NASDAQ:QH) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 23,500 shares, a decline 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 currently 1.2 days.

Hedge Funds Weigh In On Quhuo

An institutional investor recently bought a new position in Quhuo stock. Renaissance Technologies LLC purchased a new position in Quhuo Limited (NASDAQ:QH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,500 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned 0.38% of Quhuo as of its most recent filing with the Securities and Exchange Commission (SEC). 0.17% of the stock is owned by hedge funds and other institutional investors.

Quhuo Stock Down 0.9 %

Shares of NASDAQ:QH traded down $0.01 during mid-day trading on Thursday, reaching $1.49. 3,945 shares of the stock were exchanged, compared to its average volume of 2,164,010. Quhuo has a one year low of $0.25 and a one year high of $2.27. The stock’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.27.

Quhuo Company Profile

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.