CooTek (Cayman) Inc. (NYSE:CTK) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 24,300 shares, a decrease of 18.2% from the September 15th total of 29,700 shares. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

CTK stock opened at $4.71 on Friday. The business’s fifty day moving average is $4.99 and its 200-day moving average is $6.35. The company has a market cap of $299.58 million, a P/E ratio of -9.81 and a beta of 0.03. CooTek has a twelve month low of $4.12 and a twelve month high of $7.45.

CooTek (Cayman) (NYSE:CTK) last posted its quarterly earnings results on Monday, August 17th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $126.40 million for the quarter, compared to the consensus estimate of $120.50 million. CooTek (Cayman) had a negative return on equity of 83.47% and a negative net margin of 8.84%. Analysts predict that CooTek will post -0.34 EPS for the current year.

Several research analysts have issued reports on the company. Zacks Investment Research downgraded CooTek (Cayman) from a “hold” rating to a “sell” rating in a report on Monday, August 24th. TheStreet downgraded CooTek (Cayman) from a “c-” rating to a “d-” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. CooTek (Cayman) presently has an average rating of “Hold” and a consensus target price of $9.06.

A hedge fund recently bought a new stake in CooTek (Cayman) stock. JPMorgan Chase & Co. acquired a new stake in CooTek (Cayman) Inc. (NYSE:CTK) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,797 shares of the company’s stock, valued at approximately $181,000. Institutional investors and hedge funds own 4.58% of the company’s stock.

About CooTek (Cayman)

CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.

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