Short Interest in ZK International Group Co., Ltd. (NASDAQ:ZKIN) Rises By 177.5%

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 129,600 shares, an increase of 177.5% from the August 31st total of 46,700 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average trading volume of 120,700 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 120,700 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.5% of the company’s stock are sold short.

ZK International Group Stock Performance

Shares of ZKIN stock opened at $2.49 on Friday. ZK International Group has a fifty-two week low of $0.82 and a fifty-two week high of $6.30. The stock’s fifty day moving average is $2.11 and its two-hundred day moving average is $1.98.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZK International Group in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About ZK International Group

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.