KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Sees Large Growth in Short Interest

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 24,718,832 shares, an increase of 26.8% from the January 15th total of 19,495,836 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 4,580,499 shares, the days-to-cover ratio is presently 5.4 days. Based on an average daily volume of 4,580,499 shares, the days-to-cover ratio is presently 5.4 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of KE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock worth $506,000 after buying an additional 735 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of KE by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after acquiring an additional 801 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of KE by 8.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after acquiring an additional 809 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of KE by 2.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after purchasing an additional 970 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in KE by 39.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock worth $101,000 after purchasing an additional 1,490 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Down 1.0%

Shares of KE stock traded down $0.19 on Monday, reaching $17.55. The company’s stock had a trading volume of 3,945,060 shares, compared to its average volume of 4,868,587. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 41.77, a P/E/G ratio of 2.25 and a beta of -0.64. KE has a 52 week low of $15.26 and a 52 week high of $25.17. The firm’s fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $17.80.

Analyst Ratings Changes

BEKE has been the topic of several research reports. The Goldman Sachs Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.69.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.