36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Short Interest Down 46.6% in June

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 5,620 shares, a decline of 46.6% from the June 15th total of 10,532 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 13,227 shares, the days-to-cover ratio is currently 0.4 days.

36Kr Price Performance

36Kr stock traded down $0.04 during midday trading on Friday, hitting $2.58. 6,094 shares of the company were exchanged, compared to its average volume of 19,521. The company’s fifty day moving average price is $3.15 and its 200-day moving average price is $3.72. The company has a market cap of $5.08 million, a PE ratio of -0.76 and a beta of 0.49. 36Kr has a fifty-two week low of $2.50 and a fifty-two week high of $21.36.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 36Kr from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently 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.