36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Short Interest Update

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 4,075 shares, a growth of 482.1% from the May 14th total of 700 shares. Based on an average daily volume of 20,075 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

36Kr Trading Down 20.5%

KRKR stock traded down $0.76 during trading on Thursday, hitting $2.95. 168,331 shares of the company traded hands, compared to its average volume of 31,861. 36Kr has a 1 year low of $2.80 and a 1 year high of $21.36. The company has a 50-day moving average of $3.64 and a 200-day moving average of $4.05.

36Kr (NASDAQ:KRKR) last issued its earnings results on Wednesday, March 18th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $9.63 million for the quarter.

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.