Short Interest in ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Declines By 70.9%

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 19,163 shares, a decrease of 70.9% from the July 30th total of 65,807 shares. Based on an average daily volume of 113,843 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

ZKH has been the topic of several recent research reports. Wall Street Zen cut shares of ZKH Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings cut shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, ZKH Group currently has a consensus rating of “Sell”.

ZKH Group Trading Up 0.7%

NYSE:ZKH traded up $0.02 during trading hours on Thursday, hitting $2.93. The company had a trading volume of 44,245 shares, compared to its average volume of 160,549. ZKH Group has a 1 year low of $1.92 and a 1 year high of $3.90. The company has a current ratio of 1.77, a quick ratio of 1.64 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $2.74 and a 200 day moving average of $2.98. The company has a market cap of $379.99 million, a P/E ratio of -293.00 and a beta of 0.38.

ZKH Group (NYSE:ZKH) last announced its quarterly earnings results on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. ZKH Group had a negative net margin of 0.02% and a negative return on equity of 0.06%. The firm had revenue of $359.70 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in ZKH Group during the second quarter worth $33,000. Jane Street Group LLC purchased a new position in shares of ZKH Group during the 1st quarter worth $66,000. Goldman Sachs Group Inc. acquired a new stake in shares of ZKH Group during the 4th quarter worth about $106,000. Jain Global LLC purchased a new stake in ZKH Group in the 3rd quarter valued at about $238,000. Finally, Invesco Ltd. purchased a new stake in ZKH Group in the 4th quarter valued at about $291,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.