36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Short Interest Down 46.6% in June

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 5,620 shares, a decline of 46.6% from the June 15th total of 10,532 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 13,227 shares, the days-to-cover ratio is presently 0.4 days.

36Kr Price Performance

Shares of KRKR stock traded down $0.09 during trading on Wednesday, reaching $2.69. The company had a trading volume of 695 shares, compared to its average volume of 19,726. The firm’s 50 day simple moving average is $3.20 and its two-hundred day simple moving average is $3.74. 36Kr has a one year low of $2.52 and a one year high of $21.36. The company has a market capitalization of $5.29 million, a PE ratio of -0.79 and a beta of 0.49.

Wall Street Analyst Weigh In

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