ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Update

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 29,454 shares, a decline of 16.3% from the March 15th total of 35,173 shares. Based on an average trading volume of 69,975 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On ZKH Group

Several large investors have recently made changes to their positions in ZKH. Boundless Plain Holdings Ltd acquired a new position in ZKH Group in the fourth quarter worth approximately $8,825,000. FIL Ltd lifted its stake in ZKH Group by 26.0% in the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock valued at $28,049,000 after acquiring an additional 1,572,957 shares during the last quarter. Jain Global LLC bought a new stake in ZKH Group in the third quarter worth approximately $238,000. Invesco Ltd. bought a new stake in ZKH Group in the fourth quarter worth approximately $291,000. Finally, Renaissance Technologies LLC increased its stake in shares of ZKH Group by 442.1% during the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock worth $337,000 after purchasing an additional 74,621 shares during the last quarter. Institutional investors own 9.52% of the company’s stock.

ZKH Group Stock Down 0.3%

Shares of NYSE ZKH traded down $0.01 during mid-day trading on Friday, reaching $3.08. The company had a trading volume of 283,156 shares, compared to its average volume of 88,709. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 1.79. ZKH Group has a twelve month low of $2.20 and a twelve month high of $3.90. The stock’s 50 day moving average is $3.27 and its 200-day moving average is $3.23. The stock has a market capitalization of $489.76 million, a PE ratio of -23.70 and a beta of 0.39.

ZKH Group (NYSE:ZKH) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.64%. The firm had revenue of $365.51 million for the quarter, compared to analyst estimates of $351.68 million.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of ZKH Group to a “hold” rating in a research report on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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. 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.