36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Sees Large Drop in Short Interest

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,053 shares, a decrease of 47.5% from the January 15th total of 5,817 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 8,354 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 8,354 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

36Kr Stock Down 1.5%

NASDAQ:KRKR traded down $0.06 on Friday, hitting $4.00. The stock had a trading volume of 5,472 shares, compared to its average volume of 7,440. 36Kr has a 52 week low of $3.30 and a 52 week high of $21.36. The business’s fifty day moving average is $4.47 and its 200 day moving average is $5.34. The company has a market cap of $7.88 million, a PE ratio of -0.67 and a beta of 0.69.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 36Kr in a research note on Thursday, October 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

36Kr Company Profile

Beijing 36Kr Holdings Inc, known as 36Kr (NASDAQ:KRKR), is a China‐based digital media and services platform focused on the coverage and support of new economy enterprises. The company delivers news, in‐depth analysis and research on technology startups, venture capital trends and innovation across the Chinese market. Its flagship online portal and mobile applications serve as primary channels for entrepreneurs, investors and industry professionals seeking timely information on emerging businesses and disruptive technologies.

In addition to editorial content, 36Kr offers a suite of subscription‐based membership services that provide premium research reports, proprietary databases and exclusive interviews with founders and investors.