ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Sees Large Decline in Short Interest

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 19,163 shares, a decrease of 70.9% from the July 30th total of 65,807 shares. Based on an average daily trading volume, of 113,843 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

ZKH Group Price Performance

Shares of NYSE:ZKH traded down $0.05 on Friday, hitting $2.91. The company’s stock had a trading volume of 99,678 shares, compared to its average volume of 412,514. The company has a market capitalization of $377.40 million, a PE ratio of -291.00 and a beta of 0.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.77 and a quick ratio of 1.64. The company has a 50-day simple moving average of $2.75 and a 200 day simple moving average of $2.97. ZKH Group has a 1 year low of $1.92 and a 1 year high of $3.90.

ZKH Group (NYSE:ZKH) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.04 EPS for the quarter. The company had revenue of $359.70 million during the quarter. ZKH Group had a negative return on equity of 0.06% and a negative net margin of 0.02%.

Institutional Trading of ZKH Group

Several institutional investors and hedge funds have recently made changes to their positions in ZKH. XTX Topco Ltd bought a new position in ZKH Group in the second quarter valued at $33,000. Jane Street Group LLC bought a new stake in ZKH Group during the first quarter worth about $66,000. Goldman Sachs Group Inc. bought a new stake in ZKH Group during the fourth quarter worth about $106,000. Jain Global LLC purchased a new position in shares of ZKH Group in the 3rd quarter worth about $238,000. Finally, Invesco Ltd. bought a new position in shares of ZKH Group during the 4th quarter valued at about $291,000. Hedge funds and other institutional investors own 9.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Wall Street Zen raised shares of ZKH Group from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.