36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR – Get Free Report) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,392 shares, a drop of 37.6% from the August 31st total of 3,835 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 5,609 shares, the days-to-cover ratio is presently 0.4 days.
36Kr Price Performance
Shares of NASDAQ:KRKR traded up $0.01 on Thursday, reaching $3.09. The company’s stock had a trading volume of 1,058 shares, compared to its average volume of 16,543. 36Kr has a 52-week low of $2.50 and a 52-week high of $7.34. The stock has a market capitalization of $6.09 million, a P/E ratio of -0.91 and a beta of 0.53. The stock’s 50-day moving average is $3.04 and its two-hundred day moving average is $3.28.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d)” rating on shares of 36Kr in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
About 36Kr
36Kr Holdings Limited, operating under the 36Kr brand, is a China-based media and business services company focused on the country’s new economy. The company provides news, analysis and other content covering technology, startups, venture capital, innovation and emerging industries.
Its offerings include online advertising, membership and subscription products, business and enterprise services, industry research, consulting, conferences and other events. Through these services, 36Kr connects entrepreneurs, investors, corporations and other participants in China’s technology and innovation ecosystem.
The company was founded in 2010 by Liu Chengcheng and has developed from a startup-focused media outlet into a broader content and services platform.
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