KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Sees Large Growth in Short Interest

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) saw a significant increase in short interest during the month of 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 trading volume, of 4,580,499 shares, the short-interest ratio is currently 5.4 days. Approximately 2.3% of the shares of the stock are short sold. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,580,499 shares, the short-interest ratio is currently 5.4 days.

KE Stock Down 1.0%

BEKE stock traded down $0.19 during trading on Monday, hitting $17.55. The company had a trading volume of 3,945,060 shares, compared to its average volume of 4,868,587. The firm has a market capitalization of $20.51 billion, a P/E ratio of 41.77, a PEG ratio of 2.25 and a beta of -0.64. KE has a 52-week low of $15.26 and a 52-week high of $25.17. The company has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $17.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BEKE. Bayforest Capital Ltd purchased a new stake in KE during the fourth quarter valued at approximately $28,000. Strs Ohio purchased a new stake in shares of KE during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd boosted its position in shares of KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares in the last quarter. Allworth Financial LP increased its position in KE by 254.4% during the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after buying an additional 2,089 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after buying an additional 2,602 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on BEKE. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Monday, February 2nd. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Friday, October 31st. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.69.

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.