36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Sees Significant Drop in Short Interest

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 115 shares, a decrease of 86.4% from the October 15th total of 848 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,028 shares, the short-interest ratio is currently 0.0 days.

36Kr Stock Performance

36Kr stock traded down $0.02 during midday trading on Wednesday, reaching $2.69. The company’s stock had a trading volume of 468 shares, compared to its average volume of 15,272. 36Kr has a fifty-two week low of $2.50 and a fifty-two week high of $5.77. The stock’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $3.35. The firm has a market capitalization of $5.30 million, a PE ratio of -1.12 and a beta of 0.53.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of 36Kr in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

About 36Kr

36Kr Holdings Inc. (NASDAQ: KRKR) operates a business and technology media platform focused on China’s new economy. Through its website, mobile applications and other digital channels, the company provides news, analysis, interviews and commentary covering technology, startups, entrepreneurship, venture capital, consumer brands and broader business trends. The company also serves businesses, entrepreneurs, investors and corporate decision-makers through online and offline events, conferences, professional communities and content-related services.