Coincheck Group N.V. (NASDAQ:CNCK) Short Interest Update

Coincheck Group N.V. (NASDAQ:CNCK) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 564,881 shares, a decrease of 44.8% from the May 14th total of 1,023,026 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 187,038 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CNCK shares. Wall Street Zen upgraded Coincheck Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Coincheck Group in a report on Friday, May 22nd. Finally, Cantor Fitzgerald dropped their price objective on Coincheck Group from $2.70 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.75.

Institutional Investors Weigh In On Coincheck Group

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in shares of Coincheck Group in the first quarter worth about $94,000. JPMorgan Chase & Co. increased its holdings in shares of Coincheck Group by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 28,788 shares of the company’s stock worth $133,000 after acquiring an additional 5,257 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Coincheck Group in the fourth quarter worth about $84,000. Marshall Wace LLP bought a new stake in shares of Coincheck Group in the second quarter worth about $192,000. Finally, Geode Capital Management LLC increased its holdings in shares of Coincheck Group by 76.1% in the second quarter. Geode Capital Management LLC now owns 36,986 shares of the company’s stock worth $202,000 after acquiring an additional 15,983 shares in the last quarter. 33.22% of the stock is currently owned by institutional investors.

Coincheck Group Price Performance

Shares of Coincheck Group stock traded up $0.12 during trading hours on Monday, hitting $1.82. The company’s stock had a trading volume of 51,211 shares, compared to its average volume of 647,785. Coincheck Group has a 12 month low of $1.40 and a 12 month high of $9.31. The stock has a 50 day moving average of $1.83 and a 200 day moving average of $2.47. The company has a market capitalization of $247.39 million, a PE ratio of 91.05 and a beta of 0.49.

Coincheck Group (NASDAQ:CNCK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $999.00 earnings per share (EPS) for the quarter. Coincheck Group had a negative return on equity of 12.42% and a negative net margin of 0.38%. Equities analysts expect that Coincheck Group will post -0.04 EPS for the current year.

About Coincheck Group

Coincheck Group (NASDAQ:CNCK) is a digital asset platform specializing in cryptocurrency trading and blockchain-based financial services. Headquartered in Tokyo, Japan, Coincheck operates one of the country’s largest cryptocurrency exchanges, offering a suite of services for both retail and institutional clients. Its platform supports spot trading of major digital assets such as Bitcoin, Ethereum and a variety of altcoins, complemented by secure wallet solutions and a range of order types designed to meet diverse trading needs.

Originally established in 2012, Coincheck gained early prominence in Japan’s evolving digital currency market.