Kuaishou Technology (OTCMKTS:KUASF – Get Rating) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 10,031,900 shares, a decrease of 16.7% from the April 15th total of 12,043,000 shares. Based on an average daily trading volume, of 243,300 shares, the days-to-cover ratio is presently 41.2 days.
A number of brokerages recently issued reports on KUASF. Barclays dropped their price objective on shares of Kuaishou Technology from $11.00 to $10.00 in a report on Wednesday, March 30th. JPMorgan Chase & Co. initiated coverage on shares of Kuaishou Technology in a report on Tuesday, January 18th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Kuaishou Technology presently has a consensus rating of “Buy” and a consensus target price of $75.00.
Shares of KUASF stock opened at $8.71 on Tuesday. The business’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $10.04. Kuaishou Technology has a one year low of $7.18 and a one year high of $29.05.
Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services mainly in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create photographs, videos, and vlogs; Kmovie, a shooting, editing, and production tool; AcFun, a video sharing website; and Kuaikandian, an information content aggregator.
- Get a free copy of the StockNews.com research report on Kuaishou Technology (KUASF)
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