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

ZKH Group Limited (NYSE:ZKH) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 9,900 shares, a decrease of 25.6% from the January 31st total of 13,300 shares. Based on an average trading volume of 45,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of ZKH Group

Large investors have recently made changes to their positions in the company. State Street Corp acquired a new stake in shares of ZKH Group in the 3rd quarter valued at about $45,000. Invesco Ltd. acquired a new stake in shares of ZKH Group in the 4th quarter valued at about $299,000. Finally, FIL Ltd boosted its position in shares of ZKH Group by 30.0% in the 4th quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock valued at $13,499,000 after purchasing an additional 888,000 shares during the period. 9.52% of the stock is owned by institutional investors and hedge funds.

ZKH Group Stock Performance

Shares of NYSE ZKH traded up $0.10 during trading hours on Tuesday, reaching $3.56. The stock had a trading volume of 12,739 shares, compared to its average volume of 42,318. The firm has a market cap of $454.67 million, a price-to-earnings ratio of -10.16 and a beta of 0.02. The company has a current ratio of 1.81, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. ZKH Group has a fifty-two week low of $2.62 and a fifty-two week high of $20.07. The firm has a 50-day moving average of $3.56 and a 200-day moving average of $3.51.

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.