ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Short Interest Update

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) was the recipient 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 daily volume of 1,250,000 shares, the days-to-cover ratio is presently 1.7 days.

ZEEKR Intelligent Technology Stock Performance

NYSE:ZK traded down $0.67 on Monday, reaching $28.53. The stock had a trading volume of 380,577 shares, compared to its average volume of 864,077. ZEEKR Intelligent Technology has a 12-month low of $13.00 and a 12-month high of $32.76. The company has a 50-day moving average of $25.70 and a 200 day moving average of $21.11.

Institutional Trading of ZEEKR Intelligent Technology

A number of institutional investors have recently bought and sold shares of ZK. Sandia Investment Management LP bought a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at about $94,000. Barclays PLC lifted its holdings 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 worth $211,000 after acquiring an additional 2,097 shares during the period. Green Alpha Advisors LLC acquired a new position in ZEEKR Intelligent Technology in the third quarter worth about $219,000. Marshall Wace LLP bought a new position in ZEEKR Intelligent Technology during the second quarter worth about $347,000. Finally, WT Asset Management Ltd bought a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at approximately $446,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZK. CICC Research began coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 price target for the company. Macquarie began coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price target for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $32.02.

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.