Short Interest in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Decreases By 19.8%

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 18,117,960 shares, a decrease of 19.8% from the December 15th total of 22,600,183 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 3,637,157 shares, the short-interest ratio is presently 5.0 days. Based on an average daily volume of 3,637,157 shares, the short-interest ratio is presently 5.0 days. Approximately 1.7% of the company’s shares are short sold.

Hedge Funds Weigh In On KE

A number of institutional investors and hedge funds have recently made changes to their positions in BEKE. Strs Ohio purchased a new stake in shares of KE in the 1st quarter worth approximately $44,000. Hantz Financial Services Inc. grew its stake in shares of KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after acquiring an additional 2,257 shares during the last quarter. Franchise Capital Ltd bought a new position in shares of KE during the third quarter valued at $76,000. Finally, Parallel Advisors LLC raised its position in shares of KE by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock worth $98,000 after purchasing an additional 2,298 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BEKE shares. UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, October 31st. Wall Street Zen upgraded shares of KE from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.30.

KE Trading Down 0.6%

KE stock traded down $0.11 on Monday, hitting $17.44. 3,208,590 shares of the stock traded hands, compared to its average volume of 4,489,166. The business’s fifty day simple moving average is $16.74 and its 200 day simple moving average is $17.87. The firm has a market cap of $19.84 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 2.25 and a beta of -0.63. KE has a 1 year low of $15.26 and a 1 year high of $25.17.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.