Short Interest in 36Kr Holdings Inc. (NASDAQ:KRKR) Drops By 73.4%

36Kr Holdings Inc. (NASDAQ:KRKR) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 25,100 shares, a decline of 73.4% from the January 31st total of 94,400 shares. Based on an average trading volume of 422,300 shares, the days-to-cover ratio is presently 0.1 days.

36Kr Stock Up 6.6 %

Shares of KRKR stock traded up $0.28 on Friday, reaching $4.51. The stock had a trading volume of 56,353 shares, compared to its average volume of 689,414. The firm’s 50-day moving average is $4.18 and its two-hundred day moving average is $4.25. The firm has a market capitalization of $8.79 million, a price-to-earnings ratio of -0.75 and a beta of 0.66. 36Kr has a 12 month low of $2.76 and a 12 month high of $12.99.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 36Kr in a research report on Wednesday, February 19th.

About 36Kr

36Kr Holdings Inc provides content and business services in the People's Republic of China. It creates and distributes various content, including insightful reports on companies and industries, timely market updates, thought-provoking editorials, and commentaries, as well as original video and audio content in various industries, such as technology, consumer, retail, healthcare, media and entertainment, and enterprise services.