ZKH Group Limited (NYSE:ZKH) Sees Large Drop in Short Interest

ZKH Group Limited (NYSE:ZKH) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,900 shares, a decline of 25.6% from the January 31st total of 13,300 shares. Based on an average daily trading volume, of 45,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

ZKH Group Trading Up 2.7 %

Shares of ZKH stock traded up $0.10 on Tuesday, hitting $3.56. The stock had a trading volume of 12,739 shares, compared to its average volume of 42,318. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.62. The firm has a market capitalization of $454.67 million, a P/E ratio of -10.16 and a beta of 0.02. ZKH Group has a 1 year low of $2.62 and a 1 year high of $20.07. The company’s 50 day moving average price is $3.56 and its 200-day moving average price is $3.51.

Institutional Investors Weigh In On ZKH Group

Large investors have recently bought and sold shares of the stock. State Street Corp purchased a new stake in ZKH Group during the 3rd quarter worth about $45,000. Invesco Ltd. purchased a new stake in ZKH Group during the 4th quarter worth about $299,000. Finally, FIL Ltd increased its holdings in ZKH Group by 30.0% during 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.

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.