Kingsoft Cloud Holdings Limited (NASDAQ:KC – Get 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.
About Kingsoft Cloud
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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