ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Update

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 62,041 shares, an increase of 51.9% from the December 15th total of 40,850 shares. Based on an average daily trading volume, of 134,516 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 134,516 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of ZKH Group to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of ZKH Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

ZKH Group Trading Down 0.7%

ZKH traded down $0.02 during trading on Friday, reaching $3.50. 39,031 shares of the company’s stock were exchanged, compared to its average volume of 145,046. The company’s fifty day moving average price is $3.30 and its 200-day moving average price is $3.09. The firm has a market capitalization of $567.49 million, a PE ratio of -23.31 and a beta of 0.18. ZKH Group has a fifty-two week low of $2.50 and a fifty-two week high of $3.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.85.

Hedge Funds Weigh In On ZKH Group

Several institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of ZKH Group during the second quarter worth $33,000. Jane Street Group LLC acquired a new stake in ZKH Group in the 1st quarter valued at approximately $66,000. Finally, Jain Global LLC bought a new stake in ZKH Group in the 3rd quarter valued at approximately $238,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.