ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) Sees Significant Decline in Short Interest

ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 597,900 shares, adropof23.0% from the July 15th total of 776,800 shares. Currently,0.2% of the company’s shares are sold short. Based on an average daily volume of 511,200 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 511,200 shares, the days-to-cover ratio is presently 1.2 days. Currently,0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group increased its position in shares of ZEEKR Intelligent Technology by 2,014.8% during the first quarter. Brooklyn Investment Group now owns 1,290 shares of the company’s stock valued at $31,000 after buying an additional 1,229 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in ZEEKR Intelligent Technology in the first quarter worth about $44,000. JPMorgan Chase & Co. purchased a new stake in ZEEKR Intelligent Technology in the fourth quarter worth about $145,000. Envestnet Asset Management Inc. bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter worth approximately $202,000. Finally, XTX Topco Ltd bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth approximately $216,000.

Analyst Ratings Changes

Separately, Macquarie decreased their price objective on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $31.91.

ZEEKR Intelligent Technology Trading Down 4.1%

ZK stock opened at $30.23 on Thursday. The firm’s 50-day moving average price is $27.90 and its two-hundred day moving average price is $26.13. ZEEKR Intelligent Technology has a 12-month low of $14.75 and a 12-month high of $33.32. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -16.70 and a beta of 0.08.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.