Short Interest in Kuaishou Technology (OTCMKTS:KUASF) Decreases By 12.4%

Kuaishou Technology (OTCMKTS:KUASF) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 18,636,500 shares, a decrease of 12.4% from the February 28th total of 21,272,400 shares. Based on an average daily volume of 28,500 shares, the short-interest ratio is presently 653.9 days.

Analysts Set New Price Targets

Separately, Barclays set a $8.00 price target on Kuaishou Technology in a research note on Wednesday, March 26th.

Kuaishou Technology Stock Performance

Shares of KUASF remained flat at $6.90 during trading hours on Thursday. The stock’s 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $6.22. Kuaishou Technology has a 1 year low of $4.68 and a 1 year high of $8.54.

About Kuaishou Technology

Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services mainly in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create photographs, videos, and vlogs; Kmovie, a shooting, editing, and production tool; and AcFun, a video sharing website.