Short Interest in ZK International Group Co., Ltd. (NASDAQ:ZKIN) Decreases By 43.3%

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 192,900 shares, a drop of 43.3% from the May 15th total of 340,400 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average trading volume of 2,280,000 shares, the days-to-cover ratio is presently 0.1 days.

ZK International Group Price Performance

ZKIN opened at $2.27 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.26 and a quick ratio of 0.99. The business has a fifty day simple moving average of $1.91 and a 200-day simple moving average of $2.65. ZK International Group has a fifty-two week low of $0.82 and a fifty-two week high of $6.30.

ZK International Group Company Profile

ZK International Group Co, Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections and fittings; and couplings, unions, adapters, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.