ZTO Express (Cayman) Inc (ZTO) Sees Large Decline in Short Interest

ZTO Express (Cayman) Inc (NYSE:ZTO) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 12,884,856 shares, a drop of 25.0% from the November 30th total of 17,176,817 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily volume of 5,321,401 shares, the short-interest ratio is presently 2.4 days.

Hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can grew its position in ZTO Express (Cayman) by 1.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock worth $141,000 after acquiring an additional 123 shares during the last quarter. FMR LLC bought a new stake in ZTO Express (Cayman) during the 2nd quarter worth $170,000. Profund Advisors LLC bought a new stake in ZTO Express (Cayman) during the 2nd quarter worth $176,000. Wells Fargo & Company MN grew its position in ZTO Express (Cayman) by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 13,199 shares of the transportation company’s stock worth $184,000 after acquiring an additional 907 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in ZTO Express (Cayman) by 211.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 13,400 shares of the transportation company’s stock worth $188,000 after acquiring an additional 9,091 shares during the last quarter. Institutional investors and hedge funds own 23.66% of the company’s stock.

ZTO has been the topic of several recent analyst reports. Macquarie initiated coverage on ZTO Express (Cayman) in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $17.30 price target on the stock. Zacks Investment Research upgraded ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Daiwa Capital Markets initiated coverage on ZTO Express (Cayman) in a research note on Thursday, November 2nd. They issued a “buy” rating and a $18.50 price target on the stock. Finally, UBS Group lowered ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research note on Friday, November 24th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.08.

Shares of ZTO Express (ZTO) opened at $16.05 on Friday. The firm has a market capitalization of $11,470.00 and a price-to-earnings ratio of 27.67. ZTO Express has a 52-week low of $11.14 and a 52-week high of $18.08.

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ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

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