Short Interest in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Drops By 19.1%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,900,000 shares, a decrease of 19.1% from the December 31st total of 2,350,000 shares. Based on an average daily trading volume, of 929,500 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Ratings Changes

Separately, CICC Research assumed coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an "outperform" rating and a $31.74 target price on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $32.02.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new stake in ZEEKR Intelligent Technology during the second quarter worth about $17,478,000. Polymer Capital Management HK LTD acquired a new position in ZEEKR Intelligent Technology in the 3rd quarter worth $3,836,000. Squarepoint Ops LLC purchased a new position in ZEEKR Intelligent Technology in the second quarter valued at about $1,561,000. Oppenheimer & Co. Inc. acquired a new stake in shares of ZEEKR Intelligent Technology during the fourth quarter worth approximately $910,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at about $605,000.

ZEEKR Intelligent Technology Stock Down 1.0 %

ZK stock traded down $0.24 during trading on Wednesday, reaching $25.01. 194,968 shares of the company were exchanged, compared to its average volume of 432,467. The stock's 50 day moving average price is $26.90 and its 200 day moving average price is $22.43. ZEEKR Intelligent Technology has a 52-week low of $13.00 and a 52-week 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.