Zip Co Limited (OTCMKTS:ZIZTF) Sees Significant Drop in Short Interest

Zip Co Limited (OTCMKTS:ZIZTFGet Rating) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,200,900 shares, a decline of 17.3% from the August 15th total of 3,872,000 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 16,004.5 days.

ZIP Price Performance

Shares of ZIP stock opened at $0.58 on Friday. The firm has a 50-day moving average of $0.66 and a 200-day moving average of $0.80. ZIP has a 52-week low of $0.32 and a 52-week high of $5.51.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut ZIP from a “neutral” rating to a “sell” rating in a research report on Tuesday, August 2nd.

About ZIP

(Get Rating)

Zip Co Limited provides point-of-sale credit, digital retail finance, and payments solutions to consumers, and small and medium sized merchants (SMEs) in Australia, the United Kingdom, the United States, New Zealand, Mexico, and Canada. It operates through three segments: ZIP AU, Zip Global, and Zip Business.

Further Reading

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