Short Interest in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Decreases By 19.1%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,900,000 shares, a drop of 19.1% from the December 31st total of 2,350,000 shares. Based on an average daily volume of 929,500 shares, the days-to-cover ratio is presently 2.0 days.

ZEEKR Intelligent Technology Trading Down 1.1 %

ZEEKR Intelligent Technology stock traded down $0.29 during mid-day trading on Friday, hitting $26.13. The company had a trading volume of 610,591 shares, compared to its average volume of 386,185. The stock’s 50 day moving average price is $26.81 and its two-hundred day moving average price is $22.29. ZEEKR Intelligent Technology has a 12 month low of $13.00 and a 12 month high of $32.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares in the last quarter. Green Alpha Advisors LLC purchased a new stake in ZEEKR Intelligent Technology in the third quarter worth about $219,000. China Universal Asset Management Co. Ltd. purchased a new stake in ZEEKR Intelligent Technology in the fourth quarter worth about $341,000. Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology in the second quarter worth about $347,000. Finally, WT Asset Management Ltd purchased a new stake in ZEEKR Intelligent Technology in the third quarter worth about $446,000.

Analyst Ratings Changes

Separately, CICC Research initiated coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 target price for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $32.02.

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.