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

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 134,516 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 134,516 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

ZKH Group Stock Performance

NYSE 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 has a debt-to-equity ratio of 0.05, a current ratio of 1.85 and a quick ratio of 1.62. The business has a 50 day moving average price of $3.30 and a 200-day moving average price of $3.09. The stock has a market capitalization of $567.49 million, a P/E 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.

Institutional Investors Weigh In On ZKH Group

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in ZKH Group during the 1st quarter valued at $66,000. XTX Topco Ltd acquired a new position in shares of ZKH Group in the second quarter valued at $33,000. Finally, Jain Global LLC bought a new position in shares of ZKH Group in the third quarter valued at about $238,000. Institutional investors own 9.52% of the company’s stock.

Analyst Upgrades and Downgrades

ZKH has been the subject of several recent analyst reports. Wall Street Zen raised ZKH Group to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

About ZKH Group

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.