ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Short Interest Up 94.6% in April

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 40,332 shares, a growth of 94.6% from the April 15th total of 20,722 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 304,113 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings lowered ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Wall Street Zen raised ZKH Group to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, ZKH Group currently has a consensus rating of “Sell”.

ZKH Group Price Performance

ZKH Group stock opened at $2.88 on Tuesday. The stock’s 50 day moving average is $3.07 and its 200 day moving average is $3.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.79 and a quick ratio of 1.60. The firm has a market cap of $372.86 million, a P/E ratio of -22.12 and a beta of 0.49. ZKH Group has a one year low of $2.20 and a one year high of $3.90.

ZKH Group (NYSE:ZKH) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $381.40 million during the quarter, compared to analyst estimates of $351.68 million. ZKH Group had a negative return on equity of 4.67% and a negative net margin of 1.54%.

Hedge Funds Weigh In On ZKH Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ZKH. XTX Topco Ltd acquired a new position in shares of ZKH Group in the second quarter worth approximately $33,000. Jane Street Group LLC acquired a new position in ZKH Group in the first quarter valued at approximately $66,000. Goldman Sachs Group Inc. acquired a new position in ZKH Group in the fourth quarter valued at approximately $106,000. Jain Global LLC acquired a new position in ZKH Group in the third quarter valued at approximately $238,000. Finally, Invesco Ltd. acquired a new position in ZKH Group in the fourth quarter valued at approximately $291,000. 9.52% of the stock is owned by institutional investors and hedge funds.

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. 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.