ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) Short Interest Update

ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 728,183 shares, a growth of 48.8% from the November 30th total of 489,354 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 256,746 shares, the days-to-cover ratio is presently 2.8 days. Based on an average trading volume of 256,746 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Institutional investors have recently made changes to their positions in the stock. NINE MASTS CAPITAL Ltd purchased a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth approximately $510,000. MY.Alpha Management HK Advisors Ltd purchased a new position in ZEEKR Intelligent Technology during the second quarter worth about $15,730,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ZEEKR Intelligent Technology during the second quarter worth about $1,808,000. Invesco Ltd. increased its stake in ZEEKR Intelligent Technology by 74.4% in the 1st quarter. Invesco Ltd. now owns 34,201 shares of the company’s stock worth $824,000 after acquiring an additional 14,594 shares during the last quarter. Finally, MASO CAPITAL PARTNERS Ltd purchased a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at about $2,205,000.

ZEEKR Intelligent Technology Price Performance

Shares of NYSE ZK remained flat at $26.73 during trading on Tuesday. The firm has a 50-day moving average price of $27.43 and a 200-day moving average price of $28.23. ZEEKR Intelligent Technology has a fifty-two week low of $17.91 and a fifty-two week high of $33.32. The stock has a market capitalization of $6.85 billion, a P/E ratio of -17.03 and a beta of 0.14.

Analysts Set New Price Targets

ZK has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZEEKR Intelligent Technology in a report on Wednesday, October 8th. Wall Street Zen lowered shares of ZEEKR Intelligent Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Co, Ltd. (NYSE: ZK) is a premium electric vehicle (EV) brand established by Zhejiang Geely Holding Group. Headquartered in China, ZEEKR specializes in the design, development, manufacturing and sale of intelligent electric mobility solutions. The company takes a vertically integrated approach, overseeing everything from vehicle architecture and software development to production and after-sales service.

Built on Geely’s Sustainable Experience Architecture (SEA) platform, ZEEKR’s product lineup blends performance, connectivity and premium craftsmanship.