Short Interest in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Declines By 35.5%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 916,400 shares, a decrease of 35.5% from the April 30th total of 1,420,000 shares. Based on an average daily trading volume, of 849,300 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the company's shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZK. China Universal Asset Management Co. Ltd. acquired a new position in shares of ZEEKR Intelligent Technology during the fourth quarter worth $341,000. Renaissance Capital LLC grew its stake in ZEEKR Intelligent Technology by 119.0% during the 4th quarter. Renaissance Capital LLC now owns 49,697 shares of the company's stock valued at $1,410,000 after purchasing an additional 27,001 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at about $383,000. Oppenheimer & Co. Inc. purchased a new position in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $910,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $589,000.

Analyst Ratings Changes

Separately, Macquarie dropped their target price on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology has an average rating of "Buy" and a consensus target price of $32.86.

ZEEKR Intelligent Technology Price Performance

ZK stock traded up $0.12 on Wednesday, reaching $26.79. 409,176 shares of the company traded hands, compared to its average volume of 779,141. The company has a market cap of $6.81 billion and a P/E ratio of -9.21. ZEEKR Intelligent Technology has a one year low of $13.00 and a one year high of $33.32. The firm has a fifty day simple moving average of $23.83 and a 200-day simple moving average of $25.58.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($5.08) by $4.69. The firm had revenue of $3.03 billion for the quarter. On average, sell-side analysts forecast that ZEEKR Intelligent Technology will post -1.76 EPS for the current year.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.