36Kr Holdings Inc. (NASDAQ:KRKR) Short Interest Down 62.4% in May

36Kr Holdings Inc. (NASDAQ:KRKR – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,200 shares, a decrease of 62.4% from the April 30th total of 16,500 shares. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is presently 0.2 days.

36Kr Price Performance

36Kr stock traded down $0.02 during mid-day trading on Friday, reaching $0.98. The stock had a trading volume of 3,504 shares, compared to its average volume of 82,173. The company has a market capitalization of $38.91 million, a price-to-earnings ratio of 9.83 and a beta of 0.83. The company has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.09. 36Kr has a one year low of $0.82 and a one year high of $2.39.

36Kr (NASDAQ:KRKR – Get Rating) last announced its quarterly earnings results on Wednesday, March 29th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $14.00 million during the quarter. 36Kr had a return on equity of 7.13% and a net margin of 7.89%.

Hedge Funds Weigh In On 36Kr

An institutional investor recently raised its position in 36Kr stock. Renaissance Technologies LLC lifted its holdings in 36Kr Holdings Inc. (NASDAQ:KRKR – Get Rating) by 77.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,000 shares of the company’s stock after purchasing an additional 28,400 shares during the period. Renaissance Technologies LLC owned about 0.16% of 36Kr worth $67,000 at the end of the most recent reporting period. 0.23% of the stock is owned by institutional investors.

36Kr Company Profile

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36Kr Holdings Inc provides content and business services in the People's Republic of China. It creates and distributes various content, including insightful reports on companies and timely market updates, as well as editorials and commentaries in various industries, such as technology, consumer and retail, and healthcare.