ZTE Co. (OTCMKTS:ZTCOF) Short Interest Up 24.3% in May

ZTE Co. (OTCMKTS:ZTCOF) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,711,000 shares, an increase of 24.3% from the May 15th total of 2,985,300 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is currently 412.3 days.

ZTE Price Performance

Shares of ZTE stock opened at $2.91 on Thursday. The business has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $2.94. ZTE has a one year low of $1.82 and a one year high of $4.10.

About ZTE

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.