Short Interest in 36Kr Holdings Inc. (NASDAQ:KRKR) Drops By 10.2%

36Kr Holdings Inc. (NASDAQ:KRKR) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 23,000 shares, a decrease of 10.2% from the March 15th total of 25,600 shares. Based on an average daily trading volume, of 34,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 36Kr stock. Renaissance Technologies LLC increased its position in shares of 36Kr Holdings Inc. (NASDAQ:KRKR) by 166.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,800 shares of the company’s stock after buying an additional 18,000 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of 36Kr worth $30,000 at the end of the most recent quarter. 0.09% of the stock is owned by institutional investors.

36Kr Price Performance

KRKR stock opened at $0.37 on Wednesday. The stock’s 50 day simple moving average is $0.38 and its 200 day simple moving average is $0.56. 36Kr has a fifty-two week low of $0.31 and a fifty-two week high of $1.10.

About 36Kr

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, media and entertainment, consumer, retail, and healthcare.