Short Interest in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Declines By 16.8%

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) saw a large decrease in short interest in 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 trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of ZEEKR Intelligent Technology

Institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in ZEEKR Intelligent Technology by 28.5% in the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after purchasing an additional 2,097 shares during the last quarter. Renaissance Capital LLC lifted its stake in shares of ZEEKR Intelligent Technology by 20.0% in the third quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock worth $506,000 after buying an additional 3,789 shares in the last quarter. Sandia Investment Management LP purchased a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at about $94,000. Green Alpha Advisors LLC acquired a new stake in ZEEKR Intelligent Technology in the 3rd quarter valued at about $219,000. Finally, HITE Hedge Asset Management LLC lifted its stake in 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 worth $1,074,000 after purchasing an additional 16,564 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Macquarie initiated coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price target on the stock. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZEEKR Intelligent Technology has a consensus rating of “Buy” and an average price target of $32.02.

ZEEKR Intelligent Technology Trading Down 9.6 %

Shares of ZK stock traded down $3.10 during trading hours on Friday, hitting $29.20. 939,197 shares of the company’s stock were exchanged, compared to its average volume of 867,110. The firm has a 50 day moving average of $25.70 and a two-hundred day moving average of $21.12. ZEEKR Intelligent Technology has a fifty-two week low of $13.00 and a fifty-two 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.