Kingsoft Cloud Holdings Limited (NASDAQ:KC) Short Interest Up 5.4% in January

Kingsoft Cloud Holdings Limited (NASDAQ:KCGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 8,260,000 shares, an increase of 5.4% from the December 31st total of 7,840,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is currently 6.4 days.

Institutional Trading of Kingsoft Cloud

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Kingsoft Cloud during the 3rd quarter worth $229,000. Alpha Square Group S LLC boosted its position in shares of Kingsoft Cloud by 1.6% during the second quarter. Alpha Square Group S LLC now owns 3,231,215 shares of the company’s stock worth $19,710,000 after purchasing an additional 50,000 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Kingsoft Cloud by 2.3% during the second quarter. Artisan Partners Limited Partnership now owns 647,103 shares of the company’s stock worth $3,947,000 after purchasing an additional 14,277 shares in the last quarter. AXQ Capital LP bought a new position in shares of Kingsoft Cloud during the second quarter worth $113,000. Finally, Raymond James & Associates bought a new position in shares of Kingsoft Cloud during the second quarter worth $747,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

Kingsoft Cloud Stock Performance

NASDAQ KC opened at $2.60 on Friday. The stock has a market cap of $659.59 million, a PE ratio of -1.82 and a beta of 2.13. The firm has a 50-day simple moving average of $3.47 and a 200 day simple moving average of $4.68. Kingsoft Cloud has a twelve month low of $2.45 and a twelve month high of $10.13.

Kingsoft Cloud (NASDAQ:KCGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.23). Kingsoft Cloud had a negative net margin of 32.07% and a negative return on equity of 27.86%. The company had revenue of $222.75 million during the quarter, compared to analyst estimates of $302.31 million. Research analysts forecast that Kingsoft Cloud will post -1 earnings per share for the current fiscal year.

About Kingsoft Cloud

(Get Free Report)

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, storage, and delivery solutions.

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