KE Holdings Inc. (NYSE:BEKE) Short Interest Down 5.3% in January

KE Holdings Inc. (NYSE:BEKE) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 29,220,000 shares, a decline of 5.3% from the January 15th total of 30,850,000 shares. Based on an average daily trading volume, of 7,270,000 shares, the short-interest ratio is presently 4.0 days.

Institutional Trading of KE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KE during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in KE during the 4th quarter valued at $30,000. Principal Securities Inc. boosted its holdings in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after acquiring an additional 4,021 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

KE Price Performance

BEKE opened at $20.08 on Thursday. KE has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm has a market capitalization of $24.26 billion, a PE ratio of 40.98, a P/E/G ratio of 3.38 and a beta of -0.76. The company’s 50-day moving average is $18.06 and its 200 day moving average is $18.26.

Analyst Ratings Changes

Several research analysts have issued reports on BEKE shares. Barclays increased their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Bank of America raised KE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.