Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Short Interest Down 20.5% in December

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 7,116,488 shares, a drop of 20.5% from the November 30th total of 8,946,563 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,201,015 shares, the short-interest ratio is presently 5.9 days. Based on an average daily trading volume, of 1,201,015 shares, the short-interest ratio is presently 5.9 days. Approximately 2.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Kingsoft Cloud

Several institutional investors have recently added to or reduced their stakes in KC. First Horizon Advisors Inc. bought a new stake in Kingsoft Cloud in the 2nd quarter worth $27,000. Bayforest Capital Ltd purchased a new stake in shares of Kingsoft Cloud during the first quarter worth about $78,000. Farther Finance Advisors LLC purchased a new stake in shares of Kingsoft Cloud during the second quarter worth about $100,000. Beverly Hills Private Wealth LLC bought a new stake in shares of Kingsoft Cloud in the second quarter worth about $126,000. Finally, Equitable Holdings Inc. purchased a new position in Kingsoft Cloud during the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Price Performance

Shares of Kingsoft Cloud stock opened at $10.55 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. Kingsoft Cloud has a one year low of $9.12 and a one year high of $22.26. The business’s 50 day simple moving average is $11.86 and its two-hundred day simple moving average is $13.32. The stock has a market capitalization of $3.19 billion, a P/E ratio of -20.29 and a beta of 2.01.

Wall Street Analyst Weigh In

KC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Kingsoft Cloud in a research note on Tuesday, September 16th. They issued a “buy” rating and a $21.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Wednesday, October 8th. Finally, Bank of America raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average target price of $19.65.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.