Short Interest in Ucommune International Ltd (NASDAQ:UK) Declines By 50.2%

Ucommune International Ltd (NASDAQ:UK) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 36,800 shares, a drop of 50.2% from the September 30th total of 73,900 shares. Based on an average daily volume of 182,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 6.3% of the company’s shares are sold short.

Ucommune International Stock Performance

Shares of UK traded down $0.07 during midday trading on Friday, hitting $1.27. The stock had a trading volume of 131,250 shares, compared to its average volume of 180,816. The business has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.78. Ucommune International has a fifty-two week low of $1.12 and a fifty-two week high of $6.85.

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.