Short Interest in ZTE Co. (OTCMKTS:ZTCOF) Drops By 72.0%

ZTE Co. (OTCMKTS:ZTCOF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,724,300 shares, a drop of 72.0% from the August 15th total of 6,165,000 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 1,915.9 days. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 1,915.9 days.

ZTE Stock Performance

Shares of OTCMKTS ZTCOF opened at $4.03 on Friday. ZTE has a 52 week low of $1.82 and a 52 week high of $4.62. The stock’s fifty day moving average is $3.34 and its 200 day moving average is $3.08.

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.