ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Sees Significant Drop in Short Interest

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,180,000 shares, a decrease of 16.8% from the November 30th total of 2,620,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is currently 1.7 days.

Analyst Ratings Changes

ZK has been the subject of several research analyst reports. Macquarie assumed coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 price objective for the company. CICC Research assumed coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an "outperform" rating and a $31.74 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $32.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company's stock valued at $211,000 after acquiring an additional 2,097 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in ZEEKR Intelligent Technology in the third quarter valued at about $605,000. Polymer Capital Management HK LTD bought a new position in ZEEKR Intelligent Technology during the third quarter worth about $3,836,000. HITE Hedge Asset Management LLC increased its stake in shares of ZEEKR Intelligent Technology by 52.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company's stock valued at $1,074,000 after acquiring an additional 16,564 shares during the last quarter. Finally, WT Asset Management Ltd acquired a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at approximately $446,000.

ZEEKR Intelligent Technology Trading Down 9.6 %

Shares of ZK stock traded down $3.10 on Friday, reaching $29.20. 939,197 shares of the stock were exchanged, compared to its average volume of 867,110. The stock has a 50 day moving average price of $25.70 and a 200 day moving average price of $21.11. ZEEKR Intelligent Technology has a one year low of $13.00 and a one year high of $32.76.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.