ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Stock Short Interest Report for October

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 10,436 shares, a decrease of 55.6% from the September 30th total of 23,529 shares. Based on an average daily volume of 154,006 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

ZKH Group Trading Up 7.2%

NYSE ZKH traded up $0.11 during trading hours on Friday, reaching $1.63. The company had a trading volume of 120,987 shares, compared to its average volume of 154,284. The stock has a 50-day moving average of $2.49 and a 200 day moving average of $2.90. ZKH Group has a 1-year low of $1.47 and a 1-year high of $3.90. The company has a current ratio of 1.77, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $211.39 million, a P/E ratio of -163.00 and a beta of 0.39.

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 business had revenue of $359.70 million during the quarter.

Analyst Upgrades and Downgrades

ZKH has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. Wall Street Zen upgraded ZKH Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Transactions at ZKH Group

In related news, Director Yunjie Han sold 9,289,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $0.08, for a total transaction of $743,120.00. Following the completion of the sale, the director directly owned 1,538,180 shares in the company, valued at approximately $123,054.40. This trade represents a 85.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ZKH Group Company Profile

ZKH Group Limited is a China-based digitalized maintenance, repair and operations (MRO) products and services provider. The company operates an online marketplace that connects industrial product suppliers with business customers, helping customers source the parts, tools and supplies needed to maintain and operate equipment and facilities.

Its product offerings include a broad range of industrial consumables and components, such as hardware, fasteners, bearings, transmission products, tools, electrical products, safety equipment and related supplies.