ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Sees Significant Increase in Short Interest

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 101,064 shares, a growth of 65.3% from the May 14th total of 61,150 shares. Based on an average daily trading volume, of 182,028 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ZKH shares. Weiss Ratings downgraded ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Wall Street Zen upgraded ZKH Group to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

ZKH Group Trading Down 2.5%

NYSE:ZKH opened at $2.73 on Tuesday. The stock’s 50 day moving average price is $2.96 and its 200 day moving average price is $3.22. ZKH Group has a 52 week low of $2.20 and a 52 week high of $3.90. The company has a market capitalization of $354.05 million, a P/E ratio of -34.13 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 1.84.

ZKH Group (NYSE:ZKH) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). ZKH Group had a negative return on equity of 2.80% and a negative net margin of 0.90%.The firm had revenue of $381.40 million during the quarter, compared to analyst estimates of $351.68 million.

Hedge Funds Weigh In On ZKH Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in ZKH Group during the second quarter valued at approximately $33,000. Jane Street Group LLC acquired a new position in ZKH Group during the first quarter valued at approximately $66,000. Goldman Sachs Group Inc. acquired a new position in ZKH Group during the fourth quarter valued at approximately $106,000. Renaissance Technologies LLC grew its holdings in ZKH Group by 442.1% during the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock valued at $337,000 after purchasing an additional 74,621 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in ZKH Group during the fourth quarter valued at approximately $291,000. Institutional investors and hedge funds 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. 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.