ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Sees Significant Decline in Short Interest

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,180,000 shares, a drop of 16.8% from the November 30th total of 2,620,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is currently 1.7 days.

ZEEKR Intelligent Technology Stock Performance

Shares of ZK stock traded down $3.10 during trading hours on Friday, hitting $29.20. The company had a trading volume of 939,197 shares, compared to its average volume of 867,110. ZEEKR Intelligent Technology has a fifty-two week low of $13.00 and a fifty-two week high of $32.76. The company’s fifty day moving average is $25.70 and its 200 day moving average is $21.12.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Prudential PLC purchased a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at $4,194,000. Westwood Holdings Group Inc. acquired a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at about $1,288,000. Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology during the second quarter worth about $347,000. Sandia Investment Management LP acquired a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth about $94,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $20,388,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Macquarie started coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 target price on the stock. CICC Research started coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.02.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.