ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Update

Key Points

• ZKH Group Limited saw a substantial increase in short interest, growing by 164.3% from mid-July to the end of July, with a total of 44,400 shares shorted.
• The company has initiated a share repurchase plan, indicating that management may believe the stock is currently undervalued.
• As of the latest reports, 9.52% of ZKH Group's stock is owned by institutional investors and hedge funds, reflecting ongoing interest from larger investors.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 44,400 shares, agrowthof164.3% from the July 15th total of 16,800 shares. Based on an average daily trading volume, of 165,500 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 165,500 shares, the days-to-cover ratio is currently 0.3 days.

ZKH Group Stock Performance

Shares of ZKH Group stock traded down $0.0050 on Thursday, reaching $2.9850. The stock had a trading volume of 7,788 shares, compared to its average volume of 91,987. The business's 50-day moving average price is $3.06 and its two-hundred day moving average price is $3.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.71 and a current ratio of 1.96. ZKH Group has a fifty-two week low of $2.50 and a fifty-two week high of $4.07. The stock has a market cap of $483.27 million, a P/E ratio of -14.21 and a beta of 0.37.

ZKH Group announced that its Board of Directors has initiated a stock buyback plan on Friday, June 13th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On ZKH Group

Several large investors have recently made changes to their positions in ZKH. Invesco Ltd. bought a new stake in ZKH Group during the 4th quarter worth about $299,000. Jane Street Group LLC acquired a new position in ZKH Group during the 1st quarter valued at about $66,000. Finally, XTX Topco Ltd acquired a new position in ZKH Group during the 2nd quarter valued at about $33,000. Institutional investors own 9.52% of the company's stock.

About ZKH Group

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.