ZK International Group Co., Ltd. (NASDAQ:ZKIN) Sees Large Decrease in Short Interest

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 46,700 shares, a drop of 20.6% from the August 15th total of 58,800 shares. Based on an average trading volume of 107,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.2% of the company’s stock are short sold. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 107,300 shares, the days-to-cover ratio is presently 0.4 days.

ZK International Group Stock Up 1.9%

Shares of NASDAQ ZKIN opened at $2.20 on Friday. ZK International Group has a fifty-two week low of $0.82 and a fifty-two week high of $6.30. The firm’s 50-day simple moving average is $2.12 and its 200 day simple moving average is $1.90.

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.