Kuaishou Technology (OTCMKTS:KUASF) Sees Large Drop in Short Interest

Kuaishou Technology (OTCMKTS:KUASF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 13,372,124 shares, a decline of 45.2% from the September 30th total of 24,418,954 shares. Based on an average trading volume of 2,636 shares, the days-to-cover ratio is presently 5,072.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup cut Kuaishou Technology from a “buy” rating to a “hold” rating in a research note on Thursday, August 20th. The Goldman Sachs Group downgraded Kuaishou Technology from a “buy” rating to a “neutral” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.00.

Kuaishou Technology Stock Performance

KUASF remained flat at $3.19 on Monday. 29,200 shares of the company were exchanged, compared to its average volume of 2,362. Kuaishou Technology has a twelve month low of $3.19 and a twelve month high of $11.00. The firm’s fifty day simple moving average is $4.15 and its two-hundred day simple moving average is $6.22.

Kuaishou Technology Company Profile

Kuaishou Technology is a Chinese internet company that operates short-video and livestreaming platforms. Its flagship Kuaishou app enables users to create, share and discover videos, participate in livestreams, interact with creators and communities, and communicate through social features. The company also operates the Kwai brand in selected international markets.

Kuaishou generates revenue primarily through online marketing services, livestreaming, and e-commerce. Its platforms allow businesses to promote products and services, while creators and merchants can sell goods through livestreams, short videos and other digital-commerce tools.