Short Interest in 36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Declines By 49.4%

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,835 shares, a decline of 49.4% from the August 15th total of 7,573 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 12,804 shares, the days-to-cover ratio is currently 0.3 days.

36Kr Stock Performance

NASDAQ:KRKR traded down $0.07 during trading hours on Tuesday, reaching $3.10. The stock had a trading volume of 996 shares, compared to its average volume of 9,060. The stock has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $3.31. 36Kr has a 12-month low of $2.50 and a 12-month high of $8.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of 36Kr in a report on Friday, July 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.