Kingsoft Cloud Holdings Limited (NASDAQ:KC) Short Interest Update

Kingsoft Cloud Holdings Limited (NASDAQ:KC) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 13,120,000 shares, an increase of 23.9% from the January 31st total of 10,590,000 shares. Based on an average daily trading volume, of 4,130,000 shares, the short-interest ratio is presently 3.2 days.

Kingsoft Cloud Stock Down 3.9 %

Shares of Kingsoft Cloud stock traded down $0.69 on Friday, reaching $16.90. 1,393,778 shares of the company were exchanged, compared to its average volume of 3,841,915. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -14.14 and a beta of 2.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. Kingsoft Cloud has a one year low of $2.02 and a one year high of $22.26. The company has a 50-day moving average of $14.09 and a 200 day moving average of $7.80.

Wall Street Analyst Weigh In

KC has been the topic of several recent analyst reports. Nomura Securities lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday. Nomura lowered shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a report on Monday. Finally, UBS Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and boosted their price target for the company from $4.20 to $12.50 in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.93.

Institutional Trading of Kingsoft Cloud

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XY Capital Ltd acquired a new position in shares of Kingsoft Cloud during the 3rd quarter worth about $214,000. GSA Capital Partners LLP grew its holdings in Kingsoft Cloud by 90.2% during the third quarter. GSA Capital Partners LLP now owns 172,415 shares of the company’s stock worth $507,000 after purchasing an additional 81,751 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Kingsoft Cloud during the third quarter worth approximately $326,000. Walleye Capital LLC bought a new stake in Kingsoft Cloud in the third quarter valued at approximately $119,000. Finally, State Street Corp lifted its position in shares of Kingsoft Cloud by 0.5% in the third quarter. State Street Corp now owns 609,790 shares of the company’s stock valued at $1,793,000 after buying an additional 3,104 shares during the last quarter. 13.40% of the stock is owned by institutional investors.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.