KE Holdings Inc. (NYSE:BEKE) Sees Significant Increase in Short Interest

KE Holdings Inc. (NYSE:BEKE - Get Free Report) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 35,560,000 shares, a growth of 5.1% from the November 15th total of 33,840,000 shares. Based on an average daily trading volume, of 13,490,000 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of KE

A number of institutional investors and hedge funds have recently modified their holdings of BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the third quarter worth about $30,000. Blue Trust Inc. lifted its stake in KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock valued at $45,000 after buying an additional 3,168 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after acquiring an additional 4,021 shares in the last quarter. Finally, Signaturefd LLC lifted its position in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Down 2.9 %

NYSE BEKE traded down $0.57 on Monday, reaching $18.85. The company had a trading volume of 7,378,457 shares, compared to its average volume of 9,308,716. KE has a 52 week low of $12.44 and a 52 week high of $26.05. The stock's 50 day moving average is $20.70 and its 200-day moving average is $17.30. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 4.76 and a beta of -0.77.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup started coverage on KE in a research report on Tuesday, September 10th. They set a "buy" rating and a $23.80 target price for the company. Barclays boosted their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, 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.

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.