ZKH Group Limited (NYSE:ZKH - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 7,900 shares, a drop of 20.2% from the February 13th total of 9,900 shares. Based on an average trading volume of 42,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's shares are short sold.
ZKH Group Trading Down 2.3 %
ZKH traded down $0.08 during trading on Friday, reaching $3.37. 146,619 shares of the company's stock were exchanged, compared to its average volume of 83,920. The company's fifty day moving average price is $3.59 and its 200-day moving average price is $3.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.81. The firm has a market capitalization of $431.01 million, a PE ratio of -9.63 and a beta of -0.15. ZKH Group has a fifty-two week low of $2.62 and a fifty-two week high of $20.07.
Institutional Investors Weigh In On ZKH Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZKH. State Street Corp acquired a new position in shares of ZKH Group during the 3rd quarter worth about $45,000. Invesco Ltd. bought a new position in ZKH Group during the 4th quarter worth approximately $299,000. Finally, FIL Ltd grew its holdings in ZKH Group by 30.0% during the fourth quarter. FIL Ltd now owns 3,845,797 shares of the company's stock valued at $13,499,000 after purchasing an additional 888,000 shares during the period. Institutional investors own 9.52% of the company's stock.
ZKH Group Company Profile
(
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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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