Short Interest in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Rises By 26.4%

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,195,175 shares, an increase of 26.4% from the February 26th total of 4,902,115 shares. Based on an average daily volume of 1,795,608 shares, the short-interest ratio is presently 3.5 days. Currently, 2.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KC shares. Jefferies Financial Group boosted their target price on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target on the stock in a report on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kingsoft Cloud currently has a consensus rating of “Moderate Buy” and an average target price of $18.48.

Kingsoft Cloud Stock Up 3.7%

Shares of NASDAQ:KC traded up $0.49 during trading on Wednesday, hitting $13.85. The stock had a trading volume of 293,765 shares, compared to its average volume of 1,545,404. The company has a market capitalization of $4.18 billion, a PE ratio of -28.39 and a beta of 2.04. The firm’s fifty day moving average is $13.42 and its 200 day moving average is $12.94. Kingsoft Cloud has a 12 month low of $10.29 and a 12 month high of $17.79. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Kingsoft Cloud

Several hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership bought a new position in shares of Kingsoft Cloud during the third quarter valued at $51,504,000. JPMorgan Chase & Co. grew its position in Kingsoft Cloud by 2,541.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock valued at $14,137,000 after purchasing an additional 1,086,372 shares during the last quarter. Defiance ETFs LLC bought a new stake in Kingsoft Cloud during the 4th quarter valued at about $6,463,000. Maxi Investments CY Ltd purchased a new position in Kingsoft Cloud in the fourth quarter worth about $5,980,000. Finally, LMR Partners LLP lifted its stake in shares of Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after buying an additional 475,533 shares in the last quarter. 13.40% of the stock is owned by institutional investors.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.