Short Interest in ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Declines By 51.5%

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 30,109 shares, a drop of 51.5% from the December 31st total of 62,041 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 178,188 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 178,188 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

ZKH Group Price Performance

Shares of NYSE:ZKH traded down $0.07 on Friday, reaching $3.38. 66,402 shares of the company were exchanged, compared to its average volume of 115,495. ZKH Group has a 1-year low of $2.50 and a 1-year high of $3.90. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $3.39 and a 200-day moving average of $3.11. The firm has a market cap of $548.51 million, a price-to-earnings ratio of -22.53 and a beta of 0.18.

Analysts Set New Price Targets

ZKH has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of 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 research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of ZKH Group in the 1st quarter valued at approximately $66,000. XTX Topco Ltd bought a new position in shares of ZKH Group during the second quarter worth about $33,000. Finally, Jain Global LLC bought a new position in ZKH Group in the third quarter valued at approximately $238,000. 9.52% of the stock is 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.