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

Key Points

• The short interest for ZKH Group Limited decreased by 29.4% in September, now totaling 16,800 shares as of September 30, indicating a short-interest ratio of just 0.1 days based on an average daily volume of 169,300 shares.
• Jane Street Group LLC has acquired a new position in ZKH Group, purchasing 19,674 shares valued at approximately $66,000, representing 9.52% ownership of the company by institutional investors and hedge funds.
• ZKH Group's stock is currently trading at $2.98, down from a 52-week high of $4.07, with an average rating of "Sell" from Wall Street analysts, including a recent reissued rating from Weiss Ratings.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 16,800 shares, a decline of 29.4% from the September 15th total of 23,800 shares. Based on an average daily volume of 169,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 169,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ZKH Group

An institutional investor recently bought a new position in ZKH Group stock. Jane Street Group LLC bought a new stake in ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,674 shares of the company's stock, valued at approximately $66,000. Institutional investors and hedge funds own 9.52% of the company's stock.

ZKH Group Stock Performance

Shares of ZKH stock traded down $0.08 during trading on Thursday, hitting $2.98. The company's stock had a trading volume of 21,799 shares, compared to its average volume of 77,564. The company has a market cap of $483.72 million, a PE ratio of -14.92 and a beta of 0.42. The company has a current ratio of 1.90, a quick ratio of 1.66 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $2.92 and a 200-day moving average of $2.97. ZKH Group has a 52 week low of $2.50 and a 52 week high of $4.07.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of ZKH Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ZKH Group has an average rating of "Sell".

ZKH Group Company Profile

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.

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