Short Interest in ZK International Group Co., Ltd. (NASDAQ:ZKIN) Decreases By 53.7%

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 60,000 shares, a drop of 53.7% from the September 15th total of 129,600 shares. Based on an average daily volume of 121,100 shares, the short-interest ratio is presently 0.5 days. Currently, 1.6% of the company’s stock are short sold. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 121,100 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ZK International Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZK International Group presently has an average rating of “Sell”.

ZK International Group Trading Down 3.2%

Shares of ZKIN opened at $2.09 on Monday. ZK International Group has a 12 month low of $0.82 and a 12 month high of $6.30. The business’s fifty day simple moving average is $2.17 and its two-hundred day simple moving average is $2.07.

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.