Short Interest in ZKH Group Limited (NYSE:ZKH) Grows By 24.6%

ZKH Group Limited (NYSE:ZKH) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 39,000 shares, a growth of 24.6% from the October 15th total of 31,300 shares. Based on an average daily trading volume, of 80,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of ZKH Group

An institutional investor recently bought a new position in ZKH Group stock. XTX Topco Ltd bought a new stake in ZKH Group Limited (NYSE:ZKH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,650 shares of the company’s stock, valued at approximately $81,000. 9.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, CICC Research started coverage on shares of ZKH Group in a research report on Monday, September 30th. They set an “outperform” rating and a $4.00 price objective for the company.

ZKH Group Price Performance

ZKH Group stock traded down $0.02 during mid-day trading on Friday, hitting $3.78. The company’s stock had a trading volume of 404 shares, compared to its average volume of 92,590. ZKH Group has a one year low of $2.62 and a one year high of $21.91. The company has a 50 day moving average of $3.50 and a 200-day moving average of $5.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.61 and a current ratio of 1.80.

ZKH Group (NYSE:ZKH) last issued its earnings results on Thursday, August 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). The business had revenue of $309.61 million for the quarter.

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.