ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Shares Shorted: Short Interest Down 55.6% in October

Key Points

• Short interest fell 55.6% to 10,436 shares as of October 15, representing 0.0% of shares outstanding and a short-interest ratio of just 0.1 days.
• ZKH shares rose 7.2% to $1.63, but remain near their 12-month low of $1.47 and well below the 50-day and 200-day moving averages. Analysts maintain a consensus “Sell” rating despite one firm upgrading the stock to “Buy.”
• Director Yunjie Han sold 9.29 million shares, reducing his direct stake by 85.79%. In its latest quarter, ZKH reported $0.04 in earnings per share on $359.7 million in revenue.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 10,436 shares, a decline of 55.6% from the September 30th total of 23,529 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 154,006 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research firms recently issued reports on ZKH. Weiss Ratings restated a "sell (e+)" rating on shares of ZKH Group in a research report on Tuesday, September 1st. Wall Street Zen raised shares of ZKH Group from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

ZKH Group Trading Up 7.2%

NYSE:ZKH traded up $0.11 on Friday, reaching $1.63. The company's stock had a trading volume of 120,987 shares, compared to its average volume of 154,284. ZKH Group has a 12-month low of $1.47 and a 12-month high of $3.90. The stock has a 50 day moving average price of $2.52 and a 200 day moving average price of $2.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.77 and a quick ratio of 1.59.

ZKH Group (NYSE:ZKH - Get Free Report) last announced its earnings results on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. The company had revenue of $359.70 million during the quarter. ZKH Group had a negative net margin of 0.02% and a negative return on equity of 0.06%.

Insiders Place Their Bets

In other ZKH Group news, Director Yunjie Han sold 9,289,000 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $0.08, for a total value of $743,120.00. Following the completion of the sale, the director directly owned 1,538,180 shares in the company, valued at $123,054.40. This represents a 85.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ZKH Group Company Profile

ZKH Group Limited is a China-based digitalized maintenance, repair and operations (MRO) products and services provider. The company operates an online marketplace that connects industrial product suppliers with business customers, helping customers source the parts, tools and supplies needed to maintain and operate equipment and facilities.

Its product offerings include a broad range of industrial consumables and components, such as hardware, fasteners, bearings, transmission products, tools, electrical products, safety equipment and related supplies.

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