KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Short Interest Up 26.8% in January

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 24,718,832 shares, an increase of 26.8% from the January 15th total of 19,495,836 shares. Based on an average daily volume of 4,580,499 shares, the short-interest ratio is presently 5.4 days. Approximately 2.3% of the company’s shares are sold short. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 4,580,499 shares, the short-interest ratio is presently 5.4 days.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BEKE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, October 31st. Finally, The Goldman Sachs Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.69.

Institutional Investors Weigh In On KE

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of KE by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after buying an additional 521,313 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in KE by 78.7% during the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after acquiring an additional 3,315,704 shares during the period. Norges Bank purchased a new position in KE in the fourth quarter worth $112,843,000. Legal & General Group Plc boosted its position in KE by 6.0% in the second quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock worth $83,521,000 after purchasing an additional 265,429 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in KE by 29.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock valued at $60,988,000 after purchasing an additional 783,938 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Trading Down 2.1%

NYSE BEKE opened at $17.19 on Wednesday. The business has a fifty day simple moving average of $17.33 and a 200 day simple moving average of $17.78. KE has a 12 month low of $15.26 and a 12 month high of $25.17. The firm has a market capitalization of $20.09 billion, a P/E ratio of 40.93, a PEG ratio of 2.25 and a beta of -0.64.

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.