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

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKRGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,075 shares, a growth of 482.1% from the May 14th total of 700 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 20,075 shares, the days-to-cover ratio is presently 0.2 days.

36Kr Stock Performance

NASDAQ:KRKR traded up $0.26 during trading hours on Wednesday, hitting $3.71. The company’s stock had a trading volume of 99,866 shares, compared to its average volume of 18,814. The business’s 50-day moving average is $3.64 and its two-hundred day moving average is $4.06. The company has a market capitalization of $7.31 million, a PE ratio of -0.62 and a beta of 0.46. 36Kr has a 52-week low of $2.87 and a 52-week high of $21.36.

36Kr (NASDAQ:KRKRGet Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $9.63 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 36Kr from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, 36Kr currently has a consensus rating of “Sell”.

Get Our Latest Analysis on 36Kr

36Kr Company Profile

(Get Free Report)

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.

Further Reading

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