Ucommune International Ltd (NASDAQ:UK) Short Interest Update

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

Ucommune International Price Performance

NASDAQ:UK opened at $2.09 on Thursday. The stock’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $3.20. Ucommune International has a 52-week low of $1.88 and a 52-week high of $15.84.

Hedge Funds Weigh In On Ucommune International

An institutional investor recently bought a new position in Ucommune International stock. Renaissance Technologies LLC bought a new stake in Ucommune International Ltd (NASDAQ:UK) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 118,662 shares of the company’s stock, valued at approximately $116,000. Renaissance Technologies LLC owned about 2.55% of Ucommune International at the end of the most recent quarter. 36.92% of the stock is owned by hedge funds and other institutional investors.

Ucommune International Company Profile

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.