ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Up 94.6% in April

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 40,332 shares, an increase of 94.6% from the April 15th total of 20,722 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 304,113 shares, the short-interest ratio is currently 0.1 days.

ZKH Group Price Performance

Shares of ZKH Group stock traded down $0.07 during trading on Friday, hitting $2.94. The stock had a trading volume of 389,109 shares, compared to its average volume of 357,566. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. ZKH Group has a 12 month low of $2.20 and a 12 month high of $3.90. The firm has a market cap of $380.64 million, a price-to-earnings ratio of -22.58 and a beta of 0.49. The business’s 50-day moving average is $3.08 and its 200 day moving average is $3.24.

ZKH Group (NYSE:ZKH) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $381.40 million for the quarter, compared to the consensus estimate of $351.68 million. ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.67%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in ZKH Group in the second quarter valued at approximately $33,000. Jane Street Group LLC purchased a new position in ZKH Group in the 1st quarter worth approximately $66,000. FIL Ltd grew its stake in ZKH Group by 26.0% in the 4th quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock worth $28,049,000 after buying an additional 1,572,957 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of ZKH Group by 442.1% in the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock worth $337,000 after buying an additional 74,621 shares during the last quarter. Finally, Invesco Ltd. bought a new position in shares of ZKH Group in the 4th quarter worth $291,000. 9.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZKH has been the subject of several recent research reports. Weiss Ratings cut ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded ZKH Group to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

ZKH Group Company Profile

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.