Kuaishou Technology (OTCMKTS:KUASF – Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 28,534,500 shares, a growth of 53.1% from the March 15th total of 18,636,500 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is presently 7,509.1 days.
Kuaishou Technology Price Performance
Shares of OTCMKTS:KUASF remained flat at $5.62 during trading on Thursday. The company has a 50-day simple moving average of $6.79 and a 200-day simple moving average of $6.24. Kuaishou Technology has a one year low of $4.68 and a one year high of $8.54.
Wall Street Analysts Forecast Growth
Separately, Barclays set a $8.00 price target on Kuaishou Technology in a research note on Wednesday, March 26th.
About Kuaishou Technology
Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services mainly in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create photographs, videos, and vlogs; Kmovie, a shooting, editing, and production tool; and AcFun, a video sharing website.
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