ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Down 51.5% in January

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 30,109 shares, a drop of 51.5% from the December 31st total of 62,041 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 178,188 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 178,188 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

ZKH has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of ZKH Group to a “hold” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZKH Group has a consensus rating of “Sell”.

Institutional Trading of ZKH Group

A number of institutional investors have recently made changes to their positions in ZKH. Jain Global LLC acquired a new position in shares of ZKH Group during the third quarter valued at approximately $238,000. Jane Street Group LLC acquired a new stake in ZKH Group in the first quarter worth approximately $66,000. Finally, XTX Topco Ltd bought a new position in ZKH Group during the 2nd quarter valued at $33,000. 9.52% of the stock is owned by institutional investors and hedge funds.

ZKH Group Price Performance

Shares of NYSE ZKH opened at $3.46 on Thursday. The stock has a market cap of $560.68 million, a P/E ratio of -23.03 and a beta of 0.18. The firm’s 50-day simple moving average is $3.37 and its 200 day simple moving average is $3.10. ZKH Group has a fifty-two week low of $2.50 and a fifty-two week high of $3.90. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.05.

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. 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.