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

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the recipient of a large increase in short interest in 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 Performance

KRKR opened at $2.72 on Monday. The company has a fifty day moving average price of $3.40 and a two-hundred day moving average price of $3.88. 36Kr has a 52 week low of $2.52 and a 52 week high of $21.36. The firm has a market capitalization of $5.36 million, a PE ratio of -0.45 and a beta of 0.46.

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus 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.