KE Holdings Inc. (NYSE:BEKE) Short Interest Up 5.1% in November

KE Holdings Inc. (NYSE:BEKE) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 35,560,000 shares, a growth of 5.1% from the November 15th total of 33,840,000 shares. Based on an average daily volume of 13,490,000 shares, the short-interest ratio is currently 2.6 days.

KE Stock Performance

Shares of NYSE:BEKE traded up $0.15 during trading on Tuesday, reaching $19.00. The stock had a trading volume of 6,128,037 shares, compared to its average volume of 9,295,631. The business has a fifty day moving average price of $20.53 and a 200-day moving average price of $17.33. KE has a 1-year low of $12.44 and a 1-year high of $26.05. The stock has a market cap of $22.96 billion, a PE ratio of 38.78, a PEG ratio of 4.76 and a beta of -0.77.

Institutional Investors Weigh In On KE

A number of large investors have recently modified their holdings of BEKE. M&G PLC grew its holdings in shares of KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock valued at $201,817,000 after purchasing an additional 1,422,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after buying an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd raised its position in shares of KE by 11.2% during the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after buying an additional 515,197 shares during the period. Turiya Advisors Asia Ltd lifted its holdings in KE by 56.2% in the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock valued at $71,743,000 after acquiring an additional 1,824,206 shares during the last quarter. Finally, RWC Asset Advisors US LLC purchased a new position in KE in the second quarter worth approximately $70,807,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

BEKE has been the subject of several analyst reports. Barclays boosted their price objective on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Citigroup began coverage on KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. Finally, Bank of America raised KE from a “neutral” rating to a “buy” rating and upped their price target for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th.

About KE

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.