Short Interest in Kuaishou Technology (OTCMKTS:KUASF) Expands By 46.7%

Kuaishou Technology (OTCMKTS:KUASF) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 20,485,627 shares, an increase of 46.7% from the January 15th total of 13,968,772 shares. Based on an average daily trading volume, of 667 shares, the days-to-cover ratio is currently 30,713.1 days. Based on an average daily trading volume, of 667 shares, the days-to-cover ratio is currently 30,713.1 days.

Kuaishou Technology Stock Up 5.7%

Shares of OTCMKTS KUASF opened at $9.02 on Tuesday. The firm’s 50-day moving average price is $9.11 and its 200-day moving average price is $9.43. Kuaishou Technology has a 52-week low of $5.62 and a 52-week high of $12.63.

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.