ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Down 70.9% in August

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 19,163 shares, a drop of 70.9% from the July 30th total of 65,807 shares. Based on an average daily volume of 113,843 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZKH. XTX Topco Ltd bought a new stake in shares of ZKH Group during the second quarter worth approximately $33,000. Jane Street Group LLC bought a new position in shares of ZKH Group during the first quarter worth approximately $66,000. Goldman Sachs Group Inc. bought a new position in shares of ZKH Group during the fourth quarter worth approximately $106,000. Jain Global LLC acquired a new stake in ZKH Group during the 3rd quarter worth approximately $238,000. Finally, Invesco Ltd. acquired a new stake in ZKH Group during the 4th quarter worth approximately $291,000. 9.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZKH has been the topic of a number of recent analyst reports. Wall Street Zen downgraded ZKH Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings cut ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

ZKH Group Trading Down 1.7%

ZKH stock traded down $0.05 during midday trading on Friday, reaching $2.91. 99,678 shares of the company were exchanged, compared to its average volume of 412,514. ZKH Group has a one year low of $1.92 and a one year high of $3.90. The business has a 50-day moving average price of $2.75 and a two-hundred day moving average price of $2.97. The company has a current ratio of 1.77, a quick ratio of 1.64 and a debt-to-equity ratio of 0.04.

ZKH Group (NYSE:ZKH) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. The company had revenue of $359.70 million for the quarter. ZKH Group had a negative net margin of 0.02% and a negative return on equity of 0.06%.

ZKH Group Company Profile

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. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People’s Republic of China.