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

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 28,453 shares, an increase of 45.6% from the February 26th total of 19,536 shares. Based on an average daily trading volume, of 28,007 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

ZJK has been the subject of a number of analyst reports. Zacks Research upgraded ZJK Industrial to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings restated a “sell (d)” rating on shares of ZJK Industrial in a research report on Friday, January 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

ZJK Industrial Trading Up 1.2%

ZJK Industrial stock opened at $1.97 on Friday. ZJK Industrial has a 1 year low of $1.45 and a 1 year high of $5.82. The firm’s 50 day moving average price is $1.93 and its 200-day moving average price is $2.47.

Institutional Trading of ZJK Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of ZJK. Jane Street Group LLC bought a new stake in ZJK Industrial in the 4th quarter valued at $26,000. State of Wyoming bought a new position in shares of ZJK Industrial during the 2nd quarter valued at about $31,000. Millennium Management LLC purchased a new position in shares of ZJK Industrial during the fourth quarter valued at about $52,000. Citadel Advisors LLC purchased a new position in shares of ZJK Industrial during the third quarter valued at about $52,000. Finally, Geode Capital Management LLC increased its holdings in shares of ZJK Industrial by 150.0% in the second quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock worth $164,000 after purchasing an additional 25,362 shares during the last quarter.

About ZJK Industrial

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.