ZKH Group Limited (NYSE:ZKH) Short Interest Update

ZKH Group Limited (NYSE:ZKH) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 23,800 shares, a drop of 39.0% from the October 31st total of 39,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 76,500 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, CICC Research initiated coverage on shares of ZKH Group in a report on Monday, September 30th. They issued an “outperform” rating and a $4.00 target price on the stock.

ZKH Group Trading Down 0.6 %

ZKH stock traded down $0.02 during mid-day trading on Thursday, reaching $3.42. 69,070 shares of the stock traded hands, compared to its average volume of 57,524. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 1.81. ZKH Group has a one year low of $2.62 and a one year high of $21.91. The stock has a market capitalization of $437.38 million and a PE ratio of -9.77. The business has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $4.59.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZKH. Canada Pension Plan Investment Board lifted its stake in ZKH Group by 1,546.3% in the second quarter. Canada Pension Plan Investment Board now owns 10,618,516 shares of the company’s stock worth $41,412,000 after acquiring an additional 9,973,516 shares during the period. XTX Topco Ltd acquired a new position in shares of ZKH Group during the second quarter valued at about $81,000. Finally, State Street Corp acquired a new position in ZKH Group in the 3rd quarter worth approximately $45,000. Institutional investors own 9.52% of the company’s stock.

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.