KE Holdings Inc. (NYSE:BEKE) Sees Large Decline in Short Interest

KE Holdings Inc. (NYSE:BEKE - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 29,220,000 shares, a drop of 5.3% from the January 15th total of 30,850,000 shares. Based on an average daily volume of 7,270,000 shares, the short-interest ratio is currently 4.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and raised their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays raised their target price on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.

KE Stock Performance

Shares of BEKE traded up $0.67 on Friday, hitting $20.89. 8,829,746 shares of the stock traded hands, compared to its average volume of 7,924,048. The company has a market capitalization of $25.25 billion, a PE ratio of 42.64, a P/E/G ratio of 3.30 and a beta of -0.76. The business has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $18.27. KE has a one year low of $12.44 and a one year high of $26.05.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in KE in the fourth quarter worth approximately $30,000. Principal Securities Inc. boosted its holdings in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after purchasing an additional 3,345 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after purchasing an additional 4,021 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.