Short Interest in Quhuo Limited Sponsored ADR (NASDAQ:QH) Declines By 66.3%

Quhuo Limited Sponsored ADR (NASDAQ:QH) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 61,563 shares, a decrease of 66.3% from the December 15th total of 182,573 shares. Approximately 87.9% of the company’s shares are short sold. Based on an average daily volume of 205,322 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 205,322 shares, the short-interest ratio is presently 0.3 days. Approximately 87.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Quhuo from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Quhuo in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Quhuo Stock Performance

QH opened at $1.10 on Tuesday. Quhuo has a 52 week low of $0.74 and a 52 week high of $169.07. The business has a 50 day moving average of $1.09 and a 200-day moving average of $22.13.

Quhuo (NASDAQ:QH) last posted its quarterly earnings data on Friday, September 26th. The company reported ($27.00) earnings per share (EPS) for the quarter. The business had revenue of $78.96 million during the quarter.

About Quhuo

Quhuo Inc is a China-based mobile internet platform that provides digital solutions for personalized mobility and driver management services. The company connects passengers and corporate clients with professional chauffeurs through its on-demand and scheduled ride-hailing offerings, emphasizing safety, reliability and customer experience. Quhuo’s smartphone applications support real-time booking, route optimization and seamless digital payment processing for iOS and Android users.

In addition to its core passenger transportation business, Quhuo delivers business-to-business SaaS solutions to automotive enterprises and logistics providers.