Kuaishou Technology (OTCMKTS:KUASF) Short Interest Up 50.2% in January

Kuaishou Technology (OTCMKTS:KUASF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 13,968,772 shares, a growth of 50.2% from the December 31st total of 9,303,072 shares. Based on an average daily volume of 201 shares, the days-to-cover ratio is currently 69,496.4 days. Based on an average daily volume of 201 shares, the days-to-cover ratio is currently 69,496.4 days.

Kuaishou Technology Stock Performance

Shares of OTCMKTS KUASF opened at $10.32 on Tuesday. Kuaishou Technology has a one year low of $5.62 and a one year high of $12.63. The business’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $9.40.

Kuaishou Technology Company Profile

Kuaishou Technology is a leading social media and technology company best known for its short-form video and live-streaming platforms. Founded in 2011 and headquartered in Beijing, the company operates a suite of mobile applications that enable users to create, share and interact through user-generated video content. Over the years, Kuaishou has expanded its offerings to include live commerce features, allowing content creators to sell products directly during live broadcasts and fostering a vibrant ecosystem of merchants, influencers and viewers.

The company’s flagship app serves hundreds of millions of daily active users primarily in Mainland China, where it competes with other major short-video platforms.