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

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,075 shares, an increase of 482.1% from the May 14th total of 700 shares. Based on an average daily trading volume, of 20,075 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

36Kr Trading Up 7.5%

Shares of 36Kr stock traded up $0.26 during trading hours on Wednesday, reaching $3.71. The stock had a trading volume of 99,866 shares, compared to its average volume of 18,814. The firm has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $4.06. The firm has a market capitalization of $7.31 million, a price-to-earnings ratio of -0.62 and a beta of 0.46. 36Kr has a 1 year low of $2.87 and a 1 year high of $21.36.

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

Wall Street Analyst Weigh In

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