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

Key Points

• Short interest fell sharply: Short interest dropped 29.6% to 20,722 shares as of April 15, representing 0.0% of shares sold short and a short-interest ratio of just 0.2 days based on average volume.
• Institutional activity increased: FIL Ltd boosted its stake to 7,621,884 shares (~$28.0M) and Renaissance Technologies increased its position by 442%, while Invesco and Goldman Sachs initiated new, smaller positions in the 4th quarter.
• Mixed fundamentals and analyst sentiment: ZKH traded around $3.06 with a market cap of about $486M, reported Q1 EPS of $0.01 (missing estimates) but revenue beat, and carries an average analyst rating of "Sell" despite a recent "Hold" upgrade from Wall Street Zen.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 20,722 shares, a drop of 29.6% from the March 31st total of 29,454 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 105,705 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. bought a new position in shares of ZKH Group in the 4th quarter valued at about $291,000. XTX Topco Ltd bought a new position in shares of ZKH Group in the 4th quarter valued at about $63,000. FIL Ltd boosted its stake in shares of ZKH Group by 26.0% in the 4th quarter. FIL Ltd now owns 7,621,884 shares of the company's stock valued at $28,049,000 after purchasing an additional 1,572,957 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of ZKH Group by 442.1% in the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company's stock valued at $337,000 after purchasing an additional 74,621 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of ZKH Group in the 4th quarter valued at about $106,000. Institutional investors own 9.52% of the company's stock.

ZKH Group Stock Up 2.7%

Shares of NYSE ZKH opened at $3.06 on Tuesday. The firm has a market capitalization of $486.42 million, a PE ratio of -23.54 and a beta of 0.39. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. ZKH Group has a 1 year low of $2.20 and a 1 year high of $3.90. The firm's 50-day moving average is $3.21 and its 200-day moving average is $3.24.

ZKH Group (NYSE:ZKH - Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $365.51 million during the quarter, compared to the consensus estimate of $351.68 million. ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.64%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ZKH Group to a "hold" rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People's Republic of China.

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