Short Interest in KE Holdings Inc. (NYSE:BEKE) Drops By 5.3%

KE Holdings Inc. (NYSE:BEKE) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 29,220,000 shares, a drop of 5.3% from the January 15th total of 30,850,000 shares. Based on an average trading volume of 7,270,000 shares, the short-interest ratio is currently 4.0 days.

Hedge Funds Weigh In On KE

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Asset Investments & Management Holdings HK Ltd bought a new position in KE in the third quarter valued at $1,124,000. XTX Topco Ltd increased its position in shares of KE by 324.8% during the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after purchasing an additional 90,054 shares during the last quarter. TT International Asset Management LTD purchased a new position in shares of KE during the 4th quarter valued at about $717,000. Headwater Capital Co Ltd bought a new stake in KE in the 4th quarter worth approximately $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in KE by 5.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after acquiring an additional 76,517 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

BEKE has been the topic of several research reports. Barclays upped their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Performance

NYSE:BEKE opened at $20.50 on Tuesday. KE has a 52-week low of $12.44 and a 52-week high of $26.05. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 2.95 and a beta of -0.76. The stock has a fifty day moving average of $18.09 and a 200 day moving average of $18.20.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.