ZTO Express (Cayman) Inc. (NYSE:ZTO) Short Interest Update

ZTO Express (Cayman) Inc. (NYSE:ZTO) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 16,120,000 shares, a decline of 21.9% from the October 31st total of 20,630,000 shares. Based on an average daily volume of 3,040,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 2.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

ZTO has been the topic of a number of research reports. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price on the stock. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.03.

Hedge Funds Weigh In On ZTO Express (Cayman)

Large investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its stake in ZTO Express (Cayman) by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company’s stock valued at $11,822,000 after purchasing an additional 97,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ZTO Express (Cayman) in the third quarter valued at $8,723,000. Renaissance Technologies LLC grew its holdings in shares of ZTO Express (Cayman) by 60.9% during the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock valued at $3,471,000 after buying an additional 63,300 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 10.0% during the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after acquiring an additional 317,450 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of ZTO Express (Cayman) by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock worth $2,995,000 after acquiring an additional 21,750 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock traded down $0.21 during mid-day trading on Friday, reaching $19.00. The stock had a trading volume of 1,636,936 shares, compared to its average volume of 3,415,219. The firm has a market capitalization of $11.48 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.97 and a beta of -0.09. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The stock’s 50-day simple moving average is $23.15 and its 200-day simple moving average is $21.99.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.