36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Short Interest Down 46.6% in June

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,620 shares, a decrease of 46.6% from the June 15th total of 10,532 shares. Based on an average trading volume of 13,227 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the company are short sold.

36Kr Stock Performance

Shares of KRKR traded down $0.09 during trading hours on Wednesday, reaching $2.69. 695 shares of the company traded hands, compared to its average volume of 19,726. The stock’s fifty day moving average is $3.20 and its 200 day moving average is $3.74. 36Kr has a 1-year low of $2.52 and a 1-year high of $21.36. The stock has a market cap of $5.29 million, a P/E ratio of -0.79 and a beta of 0.49.

Analysts Set New Price Targets

Separately, Weiss Ratings raised 36Kr from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.