ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Short Interest Update

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 19,536 shares, a drop of 14.1% from the February 12th total of 22,733 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,012 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 7,012 shares, the short-interest ratio is presently 2.8 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZJK. Jane Street Group LLC acquired a new position in ZJK Industrial in the fourth quarter valued at about $26,000. State of Wyoming acquired a new stake in ZJK Industrial during the second quarter worth about $31,000. Millennium Management LLC acquired a new stake in ZJK Industrial during the fourth quarter worth about $52,000. Citadel Advisors LLC bought a new position in ZJK Industrial in the 3rd quarter valued at about $52,000. Finally, Geode Capital Management LLC increased its holdings in ZJK Industrial by 150.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock valued at $164,000 after buying an additional 25,362 shares during the period.

ZJK Industrial Price Performance

Shares of NASDAQ:ZJK opened at $2.05 on Tuesday. The business’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $2.56. ZJK Industrial has a 1 year low of $1.45 and a 1 year high of $6.00.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZJK. Zacks Research raised shares of ZJK Industrial to a “hold” rating in a research report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of ZJK Industrial in a research note on Friday, January 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

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.