Short Interest in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Increases By 26.8%

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 24,718,832 shares, an increase of 26.8% from the January 15th total of 19,495,836 shares. Based on an average daily volume of 4,580,499 shares, the short-interest ratio is presently 5.4 days. Currently, 2.3% of the company’s shares are short sold. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 4,580,499 shares, the short-interest ratio is presently 5.4 days.

Institutional Trading of KE

A number of institutional investors and hedge funds have recently bought and sold shares of BEKE. DekaBank Deutsche Girozentrale boosted its stake in shares of KE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock valued at $506,000 after purchasing an additional 735 shares during the period. DNB Asset Management AS lifted its holdings in KE by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after buying an additional 801 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in KE by 8.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after buying an additional 809 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of KE by 2.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after acquiring an additional 970 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of KE by 39.1% in the third quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock valued at $101,000 after acquiring an additional 1,490 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Monday, February 2nd. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Finally, Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.69.

KE Stock Down 2.1%

NYSE:BEKE traded down $0.36 during trading hours on Tuesday, reaching $17.19. 2,924,552 shares of the stock were exchanged, compared to its average volume of 4,868,587. KE has a twelve month low of $15.26 and a twelve month high of $25.17. The business has a 50-day moving average of $17.33 and a two-hundred day moving average of $17.78. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.25 and a beta of -0.64.

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.