36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Stock Short Interest Declines 86.4%

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 115 shares, a drop of 86.4% from the October 15th total of 848 shares. Based on an average daily trading volume, of 3,028 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of 36Kr in a research report on Thursday, October 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, 36Kr has an average rating of “Sell”.

36Kr Trading Down 2.9%

Shares of KRKR stock traded down $0.08 during trading hours on Thursday, hitting $2.69. The company’s stock had a trading volume of 5,257 shares, compared to its average volume of 15,238. The business has a fifty day moving average of $3.00 and a 200-day moving average of $3.34. The stock has a market cap of $5.31 million, a price-to-earnings ratio of -1.12 and a beta of 0.53. 36Kr has a twelve month low of $2.50 and a twelve month high of $5.77.

About 36Kr

36Kr Holdings Inc. (NASDAQ: KRKR) operates a business and technology media platform focused on China’s new economy. Through its website, mobile applications and other digital channels, the company provides news, analysis, interviews and commentary covering technology, startups, entrepreneurship, venture capital, consumer brands and broader business trends. The company also serves businesses, entrepreneurs, investors and corporate decision-makers through online and offline events, conferences, professional communities and content-related services.