KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Short Interest Down 19.8% in December

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 18,117,960 shares, a drop of 19.8% from the December 15th total of 22,600,183 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 3,637,157 shares, the short-interest ratio is currently 5.0 days. Based on an average daily volume of 3,637,157 shares, the short-interest ratio is currently 5.0 days. Approximately 1.7% of the shares of the company are short sold.

Hedge Funds Weigh In On KE

A number of hedge funds have recently modified their holdings of BEKE. Allspring Global Investments Holdings LLC raised its stake in KE by 91.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,598,706 shares of the company’s stock worth $41,735,000 after acquiring an additional 1,241,387 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of KE by 120.4% in the 4th quarter. SG Americas Securities LLC now owns 484,603 shares of the company’s stock worth $7,637,000 after purchasing an additional 264,777 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of KE by 1,067.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 631,383 shares of the company’s stock worth $9,951,000 after purchasing an additional 577,280 shares in the last quarter. Tuttle Capital Management LLC acquired a new position in KE in the fourth quarter valued at about $192,000. Finally, Union Bancaire Privee UBP SA increased its holdings in shares of KE by 13.6% during the fourth quarter. Union Bancaire Privee UBP SA now owns 135,986 shares of the company’s stock worth $2,143,000 after buying an additional 16,294 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Up 1.3%

BEKE stock traded up $0.23 during trading hours on Tuesday, hitting $17.66. 5,414,883 shares of the stock traded hands, compared to its average volume of 5,804,016. The stock has a 50-day simple moving average of $16.77 and a 200 day simple moving average of $17.87. The company has a market cap of $20.09 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.25 and a beta of -0.63. KE has a one year low of $15.26 and a one year high of $25.17.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BEKE. Wall Street Zen upgraded KE from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.30.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.