ZTE Co. (OTCMKTS:ZTCOF) Sees Significant Decline in Short Interest

ZTE Co. (OTCMKTS:ZTCOF) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,633,500 shares, a drop of 34.9% from the March 31st total of 2,510,100 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 2,722.5 days.

ZTE Price Performance

Shares of ZTCOF stock opened at $2.04 on Friday. ZTE has a 52 week low of $1.74 and a 52 week high of $4.00. The firm has a 50 day moving average of $2.06 and a two-hundred day moving average of $2.14.

ZTE Company Profile

ZTE Corporation engages in the provision of integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business.