ZKH Group Limited (NYSE:ZKH – Get Free Report) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 7,900 shares, a decline of 20.2% from the February 13th total of 9,900 shares. Based on an average daily volume of 42,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
ZKH Group Stock Performance
Shares of NYSE:ZKH traded up $0.07 during midday trading on Wednesday, reaching $3.69. 11,845 shares of the company traded hands, compared to its average volume of 83,253. The firm has a market capitalization of $471.93 million, a price-to-earnings ratio of -10.54 and a beta of -0.15. 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 firm’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $3.53. ZKH Group has a 12 month low of $2.62 and a 12 month high of $20.07.
Hedge Funds Weigh In On ZKH Group
A number of institutional investors have recently added to or reduced their stakes in the business. FIL Ltd increased its stake 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 acquiring an additional 888,000 shares during the last quarter. Invesco Ltd. purchased a new stake in ZKH Group during the 4th quarter valued at about $299,000. Finally, State Street Corp purchased a new stake in ZKH Group during the 3rd quarter valued at about $45,000. 9.52% of the stock is currently owned by institutional investors.
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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