ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) Sees Significant Increase in Short Interest

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 target of a significant increase in short interest during the month of 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 currently 1.2 days. Based on an average daily volume of 653,000 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group lifted its holdings in ZEEKR Intelligent Technology by 2,014.8% during the 1st quarter. Brooklyn Investment Group now owns 1,290 shares of the company's stock worth $31,000 after purchasing an additional 1,229 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in ZEEKR Intelligent Technology during the 1st quarter worth about $44,000. Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $615,000 after purchasing an additional 4,811 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in ZEEKR Intelligent Technology during the 4th quarter worth about $145,000. Finally, Envestnet Asset Management Inc. purchased a new stake in ZEEKR Intelligent Technology during the 4th quarter worth about $202,000.

ZEEKR Intelligent Technology Trading Down 0.4%

ZK stock opened at $28.13 on Friday. The stock's fifty day simple moving average is $27.20 and its two-hundred day simple moving average is $25.79. ZEEKR Intelligent Technology has a 1-year low of $13.00 and a 1-year high of $33.32. The stock has a market cap of $7.15 billion, a P/E ratio of -9.67 and a beta of 0.07.

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

Analysts Set New Price Targets

Separately, Macquarie cut their price objective on 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.

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.

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