Quhuo Limited (NASDAQ:QH) Short Interest Up 174.0% in February

Quhuo Limited (NASDAQ:QH) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 64,400 shares, a growth of 174.0% from the February 13th total of 23,500 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 19,100 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On Quhuo

A hedge fund recently bought a new stake in Quhuo stock. Renaissance Technologies LLC acquired a new stake in Quhuo Limited (NASDAQ:QH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 23,500 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned about 0.38% of Quhuo at the end of the most recent quarter. 0.17% of the stock is currently owned by institutional investors.

Quhuo Price Performance

QH opened at $1.52 on Thursday. The stock has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.31. Quhuo has a 1 year low of $0.25 and a 1 year 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.