ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Sees Significant Increase in Short Interest
by Renee Jackson · The Cerbat GemZKH Group Limited Unsponsored ADR (NYSE:ZKH – Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 62,041 shares, a growth of 51.9% from the December 15th total of 40,850 shares. Based on an average daily volume of 134,516 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 134,516 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On ZKH Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in ZKH Group during the 2nd quarter worth $33,000. Jane Street Group LLC purchased a new stake in shares of ZKH Group in the first quarter worth about $66,000. Finally, Jain Global LLC acquired a new stake in shares of ZKH Group in the third quarter valued at about $238,000. Hedge funds and other institutional investors own 9.52% of the company’s stock.
ZKH Group Price Performance
ZKH traded down $0.02 during trading on Friday, reaching $3.50. 39,031 shares of the stock were exchanged, compared to its average volume of 145,046. The company has a market capitalization of $567.48 million, a price-to-earnings ratio of -23.31 and a beta of 0.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.85 and a quick ratio of 1.62. ZKH Group has a 1 year low of $2.50 and a 1 year high of $3.90. The business’s 50 day moving average price is $3.30 and its two-hundred day moving average price is $3.09.
Wall Street Analyst Weigh In
ZKH has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of ZKH Group to a “hold” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZKH Group has an average rating of “Sell”.
Read Our Latest Stock Report on ZKH Group
ZKH Group Company Profile
ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People’s Republic of China. The company provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People’s Republic of China.