ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Update

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 40,332 shares, an increase of 94.6% from the April 15th total of 20,722 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 304,113 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research firms have issued reports on ZKH. Weiss Ratings cut shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of ZKH Group to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ZKH Group Stock Down 1.2%

Shares of NYSE ZKH traded down $0.04 during midday trading on Monday, hitting $2.88. The stock had a trading volume of 293,711 shares, compared to its average volume of 362,864. The business’s 50 day moving average is $3.07 and its 200-day moving average is $3.25. The company has a market cap of $372.86 million, a P/E ratio of -22.12 and a beta of 0.49. ZKH Group has a 52 week low of $2.20 and a 52 week high of $3.90. The company has a quick ratio of 1.60, a current ratio of 1.79 and a debt-to-equity ratio of 0.05.

ZKH Group (NYSE:ZKH) last issued its earnings results on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). ZKH Group had a negative return on equity of 4.67% and a negative net margin of 1.54%.The firm had revenue of $381.40 million during the quarter, compared to the consensus estimate of $351.68 million.

Institutional Trading of ZKH Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZKH. XTX Topco Ltd purchased a new stake in ZKH Group during the second quarter valued at approximately $33,000. Jane Street Group LLC purchased a new position in ZKH Group during the first quarter valued at $66,000. Goldman Sachs Group Inc. purchased a new position in ZKH Group during the fourth quarter valued at $106,000. Jain Global LLC bought a new position in ZKH Group during the third quarter valued at $238,000. Finally, Invesco Ltd. bought a new position in ZKH Group during the fourth quarter valued at $291,000. 9.52% of the stock is owned by hedge funds and other institutional investors.

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.