Short Interest in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Declines By 19.1%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,900,000 shares, a decrease of 19.1% from the December 31st total of 2,350,000 shares. Based on an average daily trading volume, of 929,500 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several institutional investors have recently modified their holdings of ZK. Marshall Wace LLP acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter worth about $347,000. Squarepoint Ops LLC purchased a new position in ZEEKR Intelligent Technology during the second quarter worth approximately $1,561,000. Millennium Management LLC purchased a new position in ZEEKR Intelligent Technology during the second quarter worth approximately $17,478,000. Green Alpha Advisors LLC acquired a new stake in shares of ZEEKR Intelligent Technology in the third quarter worth $219,000. Finally, Renaissance Capital LLC increased its position in shares of ZEEKR Intelligent Technology by 20.0% in the third quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock worth $506,000 after acquiring an additional 3,789 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, CICC Research began coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $32.02.

ZEEKR Intelligent Technology Stock Down 4.2 %

Shares of NYSE ZK traded down $1.09 during trading on Monday, hitting $25.05. 381,563 shares of the company were exchanged, compared to its average volume of 437,455. ZEEKR Intelligent Technology has a 12-month low of $13.00 and a 12-month high of $32.76. The company has a fifty day moving average price of $26.81 and a 200-day moving average price of $22.33.

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.