Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Short Interest Down 20.5% in December

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 7,116,488 shares, a drop of 20.5% from the November 30th total of 8,946,563 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily volume of 1,201,015 shares, the short-interest ratio is presently 5.9 days. Based on an average daily volume of 1,201,015 shares, the short-interest ratio is presently 5.9 days. Approximately 2.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KC. Artisan Partners Limited Partnership bought a new stake in shares of Kingsoft Cloud during the third quarter valued at approximately $51,504,000. JPMorgan Chase & Co. boosted its stake in Kingsoft Cloud by 2,541.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock valued at $14,137,000 after purchasing an additional 1,086,372 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Kingsoft Cloud in the 2nd quarter worth $5,955,000. LMR Partners LLP increased its holdings in shares of Kingsoft Cloud by 1,114.5% in the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after purchasing an additional 475,533 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Kingsoft Cloud in the third quarter worth $6,896,000. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Stock Down 1.1%

Shares of NASDAQ:KC traded down $0.11 on Wednesday, hitting $10.34. 1,354,074 shares of the company traded hands, compared to its average volume of 887,005. The company has a market cap of $3.12 billion, a PE ratio of -19.88 and a beta of 2.01. The stock has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $13.28. Kingsoft Cloud has a 52 week low of $9.12 and a 52 week high of $22.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft started coverage on Kingsoft Cloud in a report on Tuesday, September 16th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Bank of America upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.65.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.