36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) Stock Short Interest Drops 74.4%

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 613 shares, a decline of 74.4% from the September 15th total of 2,392 shares. Based on an average daily volume of 1,943 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of 36Kr in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, 36Kr currently has a consensus rating of “Sell”.

36Kr Price Performance

Shares of NASDAQ KRKR traded down $0.10 during mid-day trading on Monday, hitting $2.96. 2,761 shares of the company’s stock traded hands, compared to its average volume of 16,238. The company’s 50-day moving average is $3.09 and its two-hundred day moving average is $3.22. The company has a market capitalization of $5.83 million, a P/E ratio of -1.23 and a beta of 0.54. 36Kr has a 1 year low of $2.50 and a 1 year high of $6.37.

36Kr Company Profile

36Kr Holdings Inc is a China-based business media and information services company that operates the 36Kr platform. The company provides news, analysis and other content focused on technology, entrepreneurship, innovation and the broader business community. Its audience includes entrepreneurs, investors, corporate executives and professionals seeking information about China’s technology and startup sectors.

In addition to digital media, 36Kr offers business services such as advertising, marketing, branded content, conferences and other events.