ZKH Group Limited (NYSE:ZKH) Short Interest Update

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

ZKH Group Price Performance

NYSE:ZKH opened at $3.65 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $466.18 million, a price-to-earnings ratio of -10.41 and a beta of -0.15. ZKH Group has a 12-month low of $2.62 and a 12-month high of $20.07. The stock’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $3.52.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FIL Ltd lifted 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 buying an additional 888,000 shares in the last quarter. Invesco Ltd. bought a new position in ZKH Group during the fourth quarter worth about $299,000. Finally, State Street Corp acquired a new stake in ZKH Group in the 3rd quarter worth about $45,000. 9.52% of the stock is owned by institutional investors.

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.