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

36Kr Holdings Inc. (NASDAQ:KRKR) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 94,400 shares, a growth of 985.1% from the January 15th total of 8,700 shares. Based on an average trading volume of 409,900 shares, the days-to-cover ratio is presently 0.2 days.

36Kr Trading Up 5.0 %

Shares of KRKR traded up $0.24 during trading hours on Wednesday, reaching $5.05. 10,739 shares of the stock traded hands, compared to its average volume of 927,648. 36Kr has a 52-week low of $2.76 and a 52-week high of $12.99. The company’s 50-day moving average price is $3.90 and its two-hundred day moving average price is $4.29. The company has a market cap of $9.85 million, a P/E ratio of -0.84 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of 36Kr in a research note on Saturday, February 1st.

36Kr Company Profile

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 industries, timely market updates, thought-provoking editorials, and commentaries, as well as original video and audio content in various industries, such as technology, consumer, retail, healthcare, media and entertainment, and enterprise services.