Short Interest in ZTO Express (Cayman) Inc. (NYSE:ZTO) Decreases By 21.9%

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZTO. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently bought and sold shares of ZTO. Public Employees Retirement System of Ohio bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth $4,721,000. Stifel Financial Corp lifted its stake in ZTO Express (Cayman) by 8.5% in the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after acquiring an additional 2,888 shares during the period. Pinpoint Asset Management Ltd grew its holdings in ZTO Express (Cayman) by 16.7% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock worth $2,605,000 after acquiring an additional 15,071 shares in the last quarter. Point72 DIFC Ltd purchased a new position in ZTO Express (Cayman) during the 3rd quarter valued at about $26,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $12,407,000. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $19.21 on Friday. The company has a market capitalization of $11.61 billion, a PE ratio of 13.25, a P/E/G ratio of 0.98 and a beta of -0.09. The company has a 50 day moving average price of $23.21 and a 200-day moving average price of $22.00. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50.

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.