Short Interest in Kingsoft Cloud Holdings Limited (NASDAQ:KC) Increases By 23.9%

Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 13,120,000 shares, an increase of 23.9% from the January 31st total of 10,590,000 shares. Based on an average daily volume of 4,130,000 shares, the short-interest ratio is presently 3.2 days.

Institutional Trading of Kingsoft Cloud

Institutional investors and hedge funds have recently modified their holdings of the stock. Walleye Capital LLC purchased a new stake in shares of Kingsoft Cloud in the third quarter worth approximately $119,000. Marshall Wace LLP bought a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $119,000. Vise Technologies Inc. bought a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $125,000. Cetera Investment Advisers bought a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $138,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Kingsoft Cloud by 12.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock valued at $205,000 after acquiring an additional 2,200 shares in the last quarter. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Stock Down 0.3 %

KC stock traded down $0.05 during trading on Friday, reaching $17.54. 2,825,002 shares of the stock were exchanged, compared to its average volume of 3,875,911. The firm has a market cap of $4.45 billion, a P/E ratio of -14.62 and a beta of 2.23. Kingsoft Cloud has a twelve month low of $2.02 and a twelve month high of $22.26. The firm's 50 day moving average is $14.18 and its 200 day moving average is $7.99. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10.

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Wall Street Analyst Weigh In

KC has been the topic of several research analyst reports. Nomura Securities lowered Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Nomura downgraded Kingsoft Cloud from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, UBS Group raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and upped their price target for the stock from $4.20 to $12.50 in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.93.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily 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, network, database, big data, security, storage, and delivery solutions.