ZTO Express (Cayman) Inc. (NYSE:ZTO) Sees Significant Drop in Short Interest

ZTO Express (Cayman) Inc. (NYSE:ZTO) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 16,120,000 shares, a decrease of 21.9% from the October 31st total of 20,630,000 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 3,040,000 shares, the days-to-cover ratio is currently 5.3 days.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky raised its holdings in shares of ZTO Express (Cayman) by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company’s stock worth $11,822,000 after buying an additional 97,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in ZTO Express (Cayman) in the third quarter valued at about $8,723,000. Renaissance Technologies LLC raised its stake in ZTO Express (Cayman) by 60.9% during the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock worth $3,471,000 after acquiring an additional 63,300 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after acquiring an additional 317,450 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of ZTO Express (Cayman) by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock valued at $2,995,000 after purchasing an additional 21,750 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded down $0.21 during mid-day trading on Friday, reaching $19.00. The company had a trading volume of 1,636,936 shares, compared to its average volume of 3,415,219. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.97 and a beta of -0.09. The business’s 50-day simple moving average is $23.15 and its 200 day simple moving average is $21.99. ZTO Express has a one year low of $15.90 and a one year high of $27.50.

Analyst Upgrades and Downgrades

ZTO has been the subject of several research reports. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, ZTO Express (Cayman) currently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.