ZTO Express (Cayman) Inc. (NYSE:ZTO) Short Interest Update

ZTO Express (Cayman) Inc. (NYSE:ZTO) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 16,120,000 shares, a drop of 21.9% from the October 31st total of 20,630,000 shares. Based on an average daily trading volume, of 3,040,000 shares, the short-interest ratio is currently 5.3 days. Approximately 2.7% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages recently issued reports on ZTO. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target on the stock. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.03.

Institutional Investors Weigh In On ZTO Express (Cayman)

Large investors have recently bought and sold shares of the business. Cerity Partners LLC grew its holdings in shares of ZTO Express (Cayman) by 3.7% during the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after purchasing an additional 674 shares during the last quarter. Van ECK Associates Corp lifted its position in ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after buying an additional 690 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in ZTO Express (Cayman) by 4.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock worth $390,000 after acquiring an additional 816 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in ZTO Express (Cayman) by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock valued at $3,389,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of ZTO Express (Cayman) in the third quarter worth about $26,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO traded down $0.21 during trading hours on Friday, hitting $19.00. The stock had a trading volume of 1,636,936 shares, compared to its average volume of 3,415,219. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.98 and a beta of -0.09. The company’s fifty day moving average is $23.15 and its two-hundred day moving average is $21.99.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.