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Kingsoft Cloud Holdings Limited’s (NASDAQ:KC – Get Rating) short interest rate fell sharply in January. As of Jan. 15, there were a total of 6.48 million shares shorted, down 6.1% from Dec. 31’s total of 6.9 million shares. Based on an average trading volume of 2.34 million shares, the current short-term interest rate ratio is 2.8 days.
Kingsoft Cloud shares drop 10.3%
NASDAQ:KC shares opened at $4.87 on Tuesday. Kingsoft Cloud has a 12-month low of $1.77 and a 12-month high of $8.73. The stock has a market cap of $1.24 billion, a PE ratio of -3.10 and a beta of 1.72. The business has a 50-day moving average of $3.88 and a 200-day moving average of $3.18.
Kingsoft Cloud (NASDAQ:KC – Get Rating) announced its final quarterly results on Wednesday, November 23rd. The company reported earnings of $0.45 per share for his quarter. Kingsoft Cloud’s net profit margin was 29.78% and return on equity was 23.89%. Revenue for the business in the quarter was $276.77 million. An equity research analyst expects Kingsoft Cloud to post a negative earnings per share of -0.98 for him this year.
Wall Street analyst opinion
Separately, China Renaissance downgraded Kingsoft Cloud’s rating from ‘Hold’ to ‘Sell’ in a report on Monday, January 9th.
institution inflow and outflow
Several institutional investors have increased or decreased their stakes in KC recently. PNC Financial Services Group Inc. increased its stake in Kingsoft Cloud by 220.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,941 shares worth $30,000 after purchasing an additional 3,400 of his shares last quarter. Private Advisor Group LLC secured his $38,000 worth of new positions in Kingsoft Cloud shares in the fourth quarter. Tower Research Capital LLC TRC increased its stake in Kingsoft Cloud by 310.2% in the third quarter. Tower Research Capital LLC TRC now owns 22,112 shares worth $44,000 after purchasing an additional 16,721 shares in the previous quarter. Banque Cantonale Vaudoise took a new position worth $45,000 in shares of Kingsoft Cloud in the second quarter. Finally, BNP Paribas Arbitrage SNC won a new position worth $61,000 in shares of Kingsoft Cloud in the third quarter. Currently 20.32% of the shares are owned by institutional investors and hedge funds.
About Kingsoft Cloud
(get rating)
Kingsoft Cloud Holdings Limited provides cloud services to companies and organizations in China. The company provides public his cloud services to customers in various fields, including gaming, video, AI, e-commerce, education, and mobile his internet. and enterprise cloud services to customers in financial services, public services, and healthcare businesses.
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