ZKH Group Limited (NYSE:ZKH) Short Interest Update

ZKH Group Limited (NYSE:ZKH) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 7,900 shares, a drop of 20.2% from the February 13th total of 9,900 shares. Based on an average daily trading volume, of 42,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

ZKH Group Stock Down 1.5 %

ZKH stock opened at $3.65 on Monday. The firm has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.52. ZKH Group has a 12 month low of $2.62 and a 12 month high of $20.07. The company has a current ratio of 1.81, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $466.18 million, a P/E ratio of -10.41 and a beta of -0.15.

Hedge Funds Weigh In On ZKH Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp acquired a new position in ZKH Group in the 3rd quarter worth about $45,000. Invesco Ltd. acquired a new stake in shares of ZKH Group during the fourth quarter valued at about $299,000. Finally, FIL Ltd grew its holdings in shares of ZKH Group by 30.0% during the fourth quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock worth $13,499,000 after purchasing an additional 888,000 shares during the last quarter. Institutional investors own 9.52% of the company’s stock.

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.