ZKH Group Limited (NYSE:ZKH - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 9,900 shares, a decrease of 25.6% from the January 31st total of 13,300 shares. Based on an average daily trading volume, of 45,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company's stock are short sold.
ZKH Group Stock Up 0.7 %
NYSE ZKH traded up $0.03 during midday trading on Thursday, hitting $3.68. 21,400 shares of the company traded hands, compared to its average volume of 41,863. ZKH Group has a 52 week low of $2.62 and a 52 week high of $20.07. The company's 50-day simple moving average is $3.57 and its 200-day simple moving average is $3.51. The company has a market cap of $470.01 million, a PE ratio of -10.50 and a beta of -0.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.62.
Institutional Investors Weigh In On ZKH Group
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new stake in shares of ZKH Group during the third quarter valued at about $45,000. Invesco Ltd. purchased a new position in shares of ZKH Group in the 4th quarter worth approximately $299,000. Finally, FIL Ltd raised its stake in shares of ZKH Group by 30.0% during 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 in the last quarter. Institutional investors own 9.52% of the company's stock.
About ZKH Group
(
Get Free Report)
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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