Coincheck Group N.V. (NASDAQ:CNCK) Short Interest Update

Coincheck Group N.V. (NASDAQ:CNCK) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,023,026 shares, a growth of 259.1% from the April 30th total of 284,853 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 4,810,300 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CNCK shares. Cantor Fitzgerald cut their price target on Coincheck Group from $2.70 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen upgraded Coincheck Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Coincheck Group in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Coincheck Group has a consensus rating of “Hold” and an average price target of $3.75.

Institutional Investors Weigh In On Coincheck Group

Several hedge funds have recently made changes to their positions in CNCK. Kepos Capital LP acquired a new stake in shares of Coincheck Group during the fourth quarter worth about $661,000. Geode Capital Management LLC boosted its stake in shares of Coincheck Group by 570.9% during the fourth quarter. Geode Capital Management LLC now owns 265,451 shares of the company’s stock worth $669,000 after buying an additional 225,882 shares during the period. Ghisallo Capital Management LLC boosted its stake in shares of Coincheck Group by 23.5% during the fourth quarter. Ghisallo Capital Management LLC now owns 1,055,172 shares of the company’s stock worth $2,659,000 after buying an additional 200,930 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Coincheck Group by 120.0% during the second quarter. Balyasny Asset Management L.P. now owns 127,213 shares of the company’s stock worth $696,000 after buying an additional 69,377 shares during the period. Finally, HRT Financial LP acquired a new stake in shares of Coincheck Group during the fourth quarter worth about $132,000. Institutional investors and hedge funds own 33.22% of the company’s stock.

Coincheck Group Trading Down 3.9%

Shares of CNCK traded down $0.08 during mid-day trading on Friday, hitting $1.89. 126,156 shares of the company’s stock were exchanged, compared to its average volume of 705,241. Coincheck Group has a fifty-two week low of $1.40 and a fifty-two week high of $9.31. The firm has a market capitalization of $257.45 million, a P/E ratio of 94.75 and a beta of 0.47. The business’s 50 day moving average is $1.85 and its two-hundred day moving average is $2.59.

Coincheck Group (NASDAQ:CNCK) last announced its earnings results on Tuesday, May 12th. The company reported $999.00 earnings per share for the quarter. Coincheck Group had a negative net margin of 0.38% and a negative return on equity of 12.42%. On average, equities research analysts forecast that Coincheck Group will post -0.04 earnings per share for the current year.

Coincheck Group Company Profile

Coincheck Group (NASDAQ:CNCK) is a digital asset platform specializing in cryptocurrency trading and blockchain-based financial services. Headquartered in Tokyo, Japan, Coincheck operates one of the country’s largest cryptocurrency exchanges, offering a suite of services for both retail and institutional clients. Its platform supports spot trading of major digital assets such as Bitcoin, Ethereum and a variety of altcoins, complemented by secure wallet solutions and a range of order types designed to meet diverse trading needs.

Originally established in 2012, Coincheck gained early prominence in Japan’s evolving digital currency market.