ZKH Group Limited (NYSE:ZKH – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,400 shares, a growth of 19.0% from the February 28th total of 7,900 shares. Based on an average daily volume of 45,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd lifted its stake in ZKH Group by 30.0% in the fourth quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock valued at $13,499,000 after buying an additional 888,000 shares during the period. Invesco Ltd. acquired a new stake in ZKH Group in the fourth quarter worth $299,000. Finally, State Street Corp bought a new position in shares of ZKH Group during the third quarter worth $45,000. 9.52% of the stock is currently owned by institutional investors.
ZKH Group Trading Down 0.4 %
NYSE ZKH traded down $0.02 during trading hours on Thursday, hitting $3.52. The company’s stock had a trading volume of 9,523 shares, compared to its average volume of 83,629. The stock has a fifty day moving average of $3.56 and a 200 day moving average of $3.57. The company has a quick ratio of 1.62, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. ZKH Group has a twelve month low of $2.62 and a twelve month high of $18.48. The firm has a market capitalization of $568.32 million, a P/E ratio of -10.04 and a beta of -0.15.
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.
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