Short Interest in ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Expands By 94.6%

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 40,332 shares, a growth of 94.6% from the April 15th total of 20,722 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 304,113 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On ZKH Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boundless Plain Holdings Ltd purchased a new stake in ZKH Group during the fourth quarter valued at about $8,825,000. FIL Ltd raised its position in shares of ZKH Group by 26.0% in the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock valued at $28,049,000 after purchasing an additional 1,572,957 shares during the period. Jain Global LLC bought a new stake in shares of ZKH Group in the third quarter valued at approximately $238,000. Invesco Ltd. purchased a new stake in shares of ZKH Group during the 4th quarter valued at approximately $291,000. Finally, Renaissance Technologies LLC boosted its holdings in ZKH Group by 442.1% in the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock worth $337,000 after buying an additional 74,621 shares during the period. 9.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings downgraded ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded ZKH Group to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, ZKH Group presently has an average rating of “Sell”.

ZKH Group Stock Performance

Shares of ZKH stock traded down $0.07 during trading hours on Friday, hitting $2.94. 389,109 shares of the company were exchanged, compared to its average volume of 357,566. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $380.64 million, a price-to-earnings ratio of -22.58 and a beta of 0.49. The firm has a fifty day simple moving average of $3.08 and a 200 day simple moving average of $3.24. ZKH Group has a 52-week low of $2.20 and a 52-week high of $3.90.

ZKH Group (NYSE:ZKH) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $381.40 million during the quarter, compared to analysts’ expectations of $351.68 million. ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.67%.

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.