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

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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.

Get Our Latest Stock Report on Kingsoft Cloud

Kingsoft Cloud Company Profile

(Get Free Report)

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.

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