36Kr Holdings Inc. (NASDAQ:KRKR) Sees Significant Increase in Short Interest

36Kr Holdings Inc. (NASDAQ:KRKRGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the January 15th total of 100 shares. Based on an average trading volume of 21,700 shares, the days-to-cover ratio is currently 0.1 days.

36Kr Trading Down 6.1 %

Shares of KRKR stock opened at $0.46 on Tuesday. 36Kr has a 12-month low of $0.44 and a 12-month high of $1.28. The business’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.72. The company has a market cap of $17.93 million, a PE ratio of -1.48 and a beta of 0.65.

36Kr (NASDAQ:KRKRGet Free Report) last released its earnings results on Thursday, December 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. 36Kr had a negative net margin of 27.91% and a negative return on equity of 29.88%. The firm had revenue of $13.29 million during the quarter.

Institutional Investors Weigh In On 36Kr

An institutional investor recently raised its position in 36Kr stock. Renaissance Technologies LLC lifted its holdings in 36Kr Holdings Inc. (NASDAQ:KRKRFree Report) by 77.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 28,400 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of 36Kr worth $67,000 at the end of the most recent reporting period. 0.18% of the stock is currently owned by hedge funds and other institutional investors.

36Kr Company Profile

(Get Free Report)

36Kr Holdings Inc provides content and business services in the People's Republic of China. It creates and distributes various content, including insightful reports on companies and timely market updates, as well as editorials and commentaries in various industries, such as technology, media and entertainment, consumer, retail, and healthcare.

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