ZKH Group Limited (NYSE:ZKH – Get Free Report) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 9,900 shares, a drop of 25.6% from the January 31st total of 13,300 shares. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp purchased a new stake in shares of ZKH Group during the 3rd quarter worth about $45,000. Invesco Ltd. acquired a new position in ZKH Group in the 4th quarter worth about $299,000. Finally, FIL Ltd raised its holdings in ZKH Group by 30.0% in the 4th quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock worth $13,499,000 after purchasing an additional 888,000 shares during the period. Hedge funds and other institutional investors own 9.52% of the company’s stock.
ZKH Group Stock Performance
Shares of NYSE:ZKH traded up $0.12 during trading on Wednesday, hitting $3.67. 43,734 shares of the stock traded hands, compared to its average volume of 42,351. 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 company has a fifty day moving average price of $3.56 and a two-hundred day moving average price of $3.51. ZKH Group has a 52-week low of $2.62 and a 52-week high of $20.07. The company has a market cap of $469.76 million, a price-to-earnings ratio of -10.49 and a beta of 0.02.
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.
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