ZK International Group Co Ltd (NASDAQ:ZKIN) Sees Large Drop in Short Interest

ZK International Group Co Ltd (NASDAQ:ZKIN) saw a large decline in short interest in the month of February. As of February 14th, there was short interest totalling 29,400 shares, a decline of 51.6% from the January 30th total of 60,700 shares. Based on an average trading volume of 72,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

NASDAQ:ZKIN traded down $0.04 during trading hours on Wednesday, hitting $1.12. 62,000 shares of the stock traded hands, compared to its average volume of 131,084. ZK International Group has a 1 year low of $1.05 and a 1 year high of $2.39. The stock has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.36.

Separately, ValuEngine lowered shares of ZK International Group from a “hold” rating to a “sell” rating in a report on Saturday, February 15th.

ZK International Group Company Profile

ZK International Group Co, Ltd., through its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. The company offers steel strips, steel pipes, and light gauge stainless steel pipes, as well as pipe connections and fittings, such as couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.

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