ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) Short Interest Up 48.8% in December

ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 728,183 shares, a growth of 48.8% from the November 30th total of 489,354 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 256,746 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 256,746 shares, the short-interest ratio is currently 2.8 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered ZEEKR Intelligent Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZEEKR Intelligent Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, ZEEKR Intelligent Technology has an average rating of “Hold” and a consensus price target of $38.00.

ZEEKR Intelligent Technology Price Performance

Shares of ZK stock remained flat at $26.73 on Wednesday. ZEEKR Intelligent Technology has a 1 year low of $17.91 and a 1 year high of $33.32. The firm has a 50-day moving average price of $27.37 and a 200 day moving average price of $28.23. The company has a market capitalization of $6.85 billion, a P/E ratio of -17.03 and a beta of 0.14.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of ZEEKR Intelligent Technology by 23.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,549 shares of the company’s stock worth $615,000 after acquiring an additional 4,811 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ZEEKR Intelligent Technology by 74.4% during the first quarter. Invesco Ltd. now owns 34,201 shares of the company’s stock worth $824,000 after buying an additional 14,594 shares during the last quarter. Millennium Management LLC raised its stake in ZEEKR Intelligent Technology by 248.1% during the 1st quarter. Millennium Management LLC now owns 266,748 shares of the company’s stock valued at $6,426,000 after acquiring an additional 190,126 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $1,129,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth approximately $1,808,000.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Co, Ltd. (NYSE: ZK) is a premium electric vehicle (EV) brand established by Zhejiang Geely Holding Group. Headquartered in China, ZEEKR specializes in the design, development, manufacturing and sale of intelligent electric mobility solutions. The company takes a vertically integrated approach, overseeing everything from vehicle architecture and software development to production and after-sales service.

Built on Geely’s Sustainable Experience Architecture (SEA) platform, ZEEKR’s product lineup blends performance, connectivity and premium craftsmanship.