ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Shares Shorted: Short Interest Down 55.6% in October

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 10,436 shares, a decline of 55.6% from the September 30th total of 23,529 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 154,006 shares, the days-to-cover ratio is presently 0.1 days.

ZKH Group Trading Up 7.2%

Shares of ZKH Group stock traded up $0.11 during trading hours on Friday, reaching $1.63. 120,987 shares of the company were exchanged, compared to its average volume of 154,284. ZKH Group has a 1 year low of $1.47 and a 1 year high of $3.90. The stock’s fifty day moving average is $2.52 and its 200 day moving average is $2.91. The company has a quick ratio of 1.59, a current ratio of 1.77 and a debt-to-equity ratio of 0.04.

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

Insiders Place Their Bets

In other ZKH Group news, Director Yunjie Han sold 9,289,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $0.08, for a total transaction of $743,120.00. Following the sale, the director directly owned 1,538,180 shares in the company, valued at $123,054.40. This represents a 85.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

Several analysts have recently issued reports on ZKH shares. Wall Street Zen raised shares of ZKH Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Weiss Ratings restated a “sell (e+)” rating on shares of ZKH Group in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About ZKH Group

ZKH Group Limited is a China-based digitalized maintenance, repair and operations (MRO) products and services provider. The company operates an online marketplace that connects industrial product suppliers with business customers, helping customers source the parts, tools and supplies needed to maintain and operate equipment and facilities.

Its product offerings include a broad range of industrial consumables and components, such as hardware, fasteners, bearings, transmission products, tools, electrical products, safety equipment and related supplies.