Short Interest in 36Kr Holdings Inc. (NASDAQ:KRKR) Declines By 10.2%

36Kr Holdings Inc. (NASDAQ:KRKR) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 23,000 shares, a decline of 10.2% from the March 15th total of 25,600 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On 36Kr

A hedge fund recently raised its stake in 36Kr stock. Renaissance Technologies LLC boosted its stake in 36Kr Holdings Inc. (NASDAQ:KRKR) by 166.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,800 shares of the company’s stock after purchasing an additional 18,000 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of 36Kr worth $30,000 as of its most recent SEC filing. 0.09% of the stock is currently owned by hedge funds and other institutional investors.

36Kr Price Performance

Shares of KRKR stock opened at $0.37 on Tuesday. 36Kr has a 1 year low of $0.31 and a 1 year high of $1.10. The firm has a fifty day moving average price of $0.39 and a 200-day moving average price of $0.57. The company has a market cap of $14.23 million, a price-to-earnings ratio of -1.22 and a beta of 0.60.

About 36Kr

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.