Short Interest in 36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Declines By 34.6%

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,645 shares, a decline of 34.6% from the December 15th total of 2,515 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,284 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 8,284 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 36Kr in a report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, 36Kr presently has an average rating of “Sell”.

36Kr Stock Up 4.3%

NASDAQ:KRKR traded up $0.22 during trading hours on Friday, reaching $5.29. The company had a trading volume of 5,806 shares, compared to its average volume of 7,085. The stock has a 50-day moving average of $4.67 and a two-hundred day moving average of $5.46. 36Kr has a one year low of $3.12 and a one year high of $21.36. The firm has a market capitalization of $10.42 million, a PE ratio of -0.88 and a beta of 0.61.

About 36Kr

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.