ZKH Group Limited (NYSE:ZKH) Sees Large Growth in Short Interest

ZKH Group Limited (NYSE:ZKH) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 9,400 shares, a growth of 19.0% from the February 28th total of 7,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 45,100 shares, the days-to-cover ratio is presently 0.2 days.

ZKH Group Price Performance

Shares of NYSE:ZKH traded up $0.04 on Wednesday, hitting $3.55. The stock had a trading volume of 20,786 shares, compared to its average volume of 83,651. The firm’s 50 day moving average price is $3.56 and its 200-day moving average price is $3.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.81. ZKH Group has a twelve month low of $2.62 and a twelve month high of $18.48. The company has a market capitalization of $573.98 million, a price-to-earnings ratio of -10.14 and a beta of -0.15.

Institutional Trading of ZKH Group

Several large investors have recently added to or reduced their stakes in the company. State Street Corp acquired a new position in shares of ZKH Group in the 3rd quarter worth approximately $45,000. Invesco Ltd. bought a new position in ZKH Group in the 4th quarter valued at $299,000. Finally, FIL Ltd boosted its stake in ZKH Group by 30.0% in the fourth quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock worth $13,499,000 after purchasing an additional 888,000 shares in the last quarter. 9.52% of the stock is owned by institutional investors.

About ZKH Group

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.