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

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,392 shares, a decline of 37.6% from the August 31st total of 3,835 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 5,609 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of 36Kr in a research report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

36Kr Trading Up 4.1%

Shares of KRKR stock opened at $3.12 on Friday. The firm’s 50 day moving average is $3.05 and its 200 day moving average is $3.28. The stock has a market capitalization of $6.17 million, a P/E ratio of -0.92 and a beta of 0.54. 36Kr has a 12 month low of $2.50 and a 12 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.