ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Short Interest Update

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,180,000 shares, a decrease of 16.8% from the November 30th total of 2,620,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Several research analysts have commented on the company. CICC Research began coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price target on the stock. Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology has a consensus rating of “Buy” and a consensus target price of $32.02.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $31,236,000. Point72 Asset Management L.P. acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at about $20,388,000. Millennium Management LLC bought a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at about $17,478,000. Prudential PLC acquired a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter worth approximately $4,194,000. Finally, Polymer Capital Management HK LTD bought a new stake in shares of ZEEKR Intelligent Technology during the third quarter worth approximately $3,836,000.

ZEEKR Intelligent Technology Stock Performance

Shares of NYSE ZK traded up $0.13 during mid-day trading on Tuesday, hitting $28.38. 426,812 shares of the stock were exchanged, compared to its average volume of 861,966. ZEEKR Intelligent Technology has a twelve month low of $13.00 and a twelve month high of $32.76. The stock’s fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $21.16.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.