Short Interest in 36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Expands By 158.5%

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 10,532 shares, an increase of 158.5% from the May 31st total of 4,075 shares. Based on an average daily trading volume, of 68,885 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.9% of the company’s shares are short sold.

36Kr Stock Down 8.2%

KRKR traded down $0.23 during trading on Tuesday, hitting $2.57. 5,748 shares of the company’s stock were exchanged, compared to its average volume of 20,935. 36Kr has a fifty-two week low of $2.52 and a fifty-two week high of $21.36. The stock has a market cap of $5.06 million, a P/E ratio of -0.43 and a beta of 0.46. The business’s 50 day moving average is $3.38 and its two-hundred day moving average is $3.87.

Wall Street Analysts Forecast Growth

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

About 36Kr

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.