36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Sees Significant Drop in Short Interest

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 115 shares, a decrease of 86.4% from the October 15th total of 848 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,028 shares, the days-to-cover ratio is presently 0.0 days.

36Kr Price Performance

Shares of NASDAQ:KRKR traded down $0.02 during trading on Wednesday, reaching $2.69. The company had a trading volume of 468 shares, compared to its average volume of 15,272. The firm has a market capitalization of $5.30 million, a price-to-earnings ratio of -1.12 and a beta of 0.53. The stock’s fifty day moving average price is $3.01 and its 200 day moving average price is $3.35. 36Kr has a fifty-two week low of $2.50 and a fifty-two week high of $5.77.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of 36Kr in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, 36Kr presently has an average rating of “Sell”.

About 36Kr

36Kr Holdings Inc. (NASDAQ: KRKR) operates a business and technology media platform focused on China’s new economy. Through its website, mobile applications and other digital channels, the company provides news, analysis, interviews and commentary covering technology, startups, entrepreneurship, venture capital, consumer brands and broader business trends. The company also serves businesses, entrepreneurs, investors and corporate decision-makers through online and offline events, conferences, professional communities and content-related services.