Ucommune International Ltd (NASDAQ:UK) Short Interest Update

Ucommune International Ltd (NASDAQ:UK) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 24,200 shares, a decrease of 43.6% from the March 15th total of 42,900 shares. Based on an average daily volume of 238,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 5.2% of the company’s stock are short sold.

Ucommune International Price Performance

Shares of NASDAQ UK opened at $2.09 on Thursday. Ucommune International has a fifty-two week low of $1.88 and a fifty-two week high of $15.84. The firm’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $3.20.

Hedge Funds Weigh In On Ucommune International

A hedge fund recently bought a new stake in Ucommune International stock. Renaissance Technologies LLC bought a new position in shares of Ucommune International Ltd (NASDAQ:UK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 118,662 shares of the company’s stock, valued at approximately $116,000. Renaissance Technologies LLC owned approximately 2.55% of Ucommune International as of its most recent SEC filing. Hedge funds and other institutional investors own 36.92% of the company’s stock.

About Ucommune International

Ucommune International Ltd manages and provides agile office spaces in China. It operates self-operated and asset-light models. The company also provides individual services, such as catering, fitness, healthcare, training, and entertainment; general corporate services, such as corporate secretary, human resources, legal, finance, IT support, and tax services; incubation and corporate venturing services; design and build services; advertising and branding services; and related services.