ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Sees Large Decline in Short Interest

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 27,036 shares, a decrease of 46.3% from the December 15th total of 50,341 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,996 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 29,996 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are short sold.

ZJK Industrial Stock Down 1.7%

ZJK opened at $2.26 on Thursday. The stock has a 50-day moving average price of $2.36 and a 200-day moving average price of $3.02. ZJK Industrial has a 1 year low of $1.69 and a 1 year high of $10.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ZJK Industrial in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On ZJK Industrial

A number of institutional investors have recently made changes to their positions in ZJK. State of Wyoming bought a new position in ZJK Industrial in the 2nd quarter valued at approximately $31,000. Citadel Advisors LLC purchased a new position in shares of ZJK Industrial in the third quarter worth $52,000. Finally, Geode Capital Management LLC lifted its holdings in shares of ZJK Industrial by 150.0% during the second quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock valued at $164,000 after purchasing an additional 25,362 shares in the last quarter.

ZJK Industrial Company Profile

ZJK Industrial Co Ltd. is a high-tech enterprise specialized in manufacturing and sale of precision fasteners, structural parts and other precision metal parts products applied in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems and liquid cooling systems used in artificial intelligence supercomputers. ZJK Industrial Co Ltd. is based in Shenzhen, China.