Short Interest in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) Expands By 286.9%

Key Points

• ZEEKR Intelligent Technology Holding Limited saw a significant increase in short interest of 286.9% in July, totaling 776,800 shares.
• Institutional investors are actively adjusting their positions, with Brooklyn Investment Group increasing its holdings by 2,014.8% during the 1st quarter.
• The company's last earnings report showed an EPS of ($0.39), which exceeded analysts' estimates, with revenue reaching $3.03 billion for the quarter.

ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 776,800 shares, anincreaseof286.9% from the June 30th total of 200,800 shares. Based on an average daily volume of 653,000 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 653,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Brooklyn Investment Group grew its position in shares of ZEEKR Intelligent Technology by 2,014.8% in the 1st quarter. Brooklyn Investment Group now owns 1,290 shares of the company's stock valued at $31,000 after acquiring an additional 1,229 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in ZEEKR Intelligent Technology in the first quarter valued at about $44,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZEEKR Intelligent Technology by 23.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,549 shares of the company's stock valued at $615,000 after acquiring an additional 4,811 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in ZEEKR Intelligent Technology during the 4th quarter valued at approximately $145,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of ZEEKR Intelligent Technology during the 4th quarter worth approximately $202,000.

Analyst Upgrades and Downgrades

Separately, Macquarie decreased their target price on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th.

ZEEKR Intelligent Technology Stock Down 0.4%

Shares of ZEEKR Intelligent Technology stock traded down $0.11 during trading hours on Thursday, hitting $28.73. 78,451 shares of the company's stock traded hands, compared to its average volume of 622,920. ZEEKR Intelligent Technology has a twelve month low of $13.00 and a twelve month high of $33.32. The company has a market cap of $7.30 billion, a PE ratio of -9.88 and a beta of 0.08. The stock has a 50 day simple moving average of $27.25 and a 200-day simple moving average of $25.85.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.39) earnings per share for the quarter, beating analysts' consensus estimates of ($5.08) by $4.69. The company had revenue of $3.03 billion during the quarter. As a group, equities research analysts predict that ZEEKR Intelligent Technology will post -1.76 EPS for the current year.

ZEEKR Intelligent Technology Company Profile

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.