36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Shares Shorted: Short Interest Down 37.6% in September

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the target of a significant drop in short interest in 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 company’s stock are short sold. Based on an average daily volume of 5,609 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

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

36Kr Stock Up 1.4%

Shares of NASDAQ KRKR opened at $3.04 on Friday. The business’s 50 day moving average price is $3.05 and its two-hundred day moving average price is $3.28. The company has a market cap of $5.99 million, a PE ratio of -0.89 and a beta of 0.54. 36Kr has a twelve month low of $2.50 and a twelve month high of $7.34.

36Kr Company Profile

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.