ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Stock Short Interest Drops 55.6%

by · The Markets Daily

ZKH Group Limited Unsponsored ADR (NYSE:ZKH – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 10,436 shares, a drop of 55.6% from the September 30th total of 23,529 shares. Based on an average trading volume of 154,006 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded ZKH Group from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Weiss Ratings restated a “sell (e+)” rating on shares of ZKH Group in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to MarketBeat, ZKH Group currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on ZKH Group

ZKH Group Stock Up 7.2%

ZKH stock traded up $0.11 during mid-day trading on Friday, reaching $1.63. The company had a trading volume of 120,987 shares, compared to its average volume of 154,284. The company has a market capitalization of $211.40 million, a price-to-earnings ratio of -163.00 and a beta of 0.39. ZKH Group has a 52 week low of $1.47 and a 52 week high of $3.90. The stock has a 50 day simple moving average of $2.49 and a two-hundred day simple moving average of $2.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.77 and a quick ratio of 1.59.

ZKH Group (NYSE:ZKH – Get Free Report) last announced its quarterly earnings data on Friday, August 21st. The company reported $0.04 earnings per share (EPS) for the quarter. ZKH Group had a negative return on equity of 0.06% and a negative net margin of 0.02%. The company had revenue of $359.70 million for the quarter.

Insider Activity at ZKH Group

In other news, Director Yunjie Han sold 9,289,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $0.08, for a total value of $743,120.00. Following the transaction, the director owned 1,538,180 shares of the company’s stock, valued at $123,054.40. This represents a 85.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

About ZKH Group

(Get Free Report)

ZKH Group Limited is a China-based digitalized maintenance, repair and operations (MRO) products and services provider. The company operates an online marketplace that connects industrial product suppliers with business customers, helping customers source the parts, tools and supplies needed to maintain and operate equipment and facilities.

Its product offerings include a broad range of industrial consumables and components, such as hardware, fasteners, bearings, transmission products, tools, electrical products, safety equipment and related supplies.

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