Zip Co Limited (OTCMKTS:ZIZTF) Sees Significant Growth in Short Interest

Zip Co Limited (OTCMKTS:ZIZTF) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 6,737,600 shares, a growth of 106.7% from the March 15th total of 3,259,900 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 1,069.5 days.

ZIP Trading Up 9.2 %

Shares of ZIP stock opened at $0.86 on Thursday. The company has a 50-day moving average of $0.72 and a 200 day moving average of $0.44. ZIP has a 1 year low of $0.17 and a 1 year high of $0.98.

About ZIP

Zip Co Limited engages in the provision of digital retail finance and payments solutions to consumers, and small and medium sized merchants (SMEs) in Australia, New Zealand, Canada, and the United States. The company offers Buy Now Pay Later services, which offer line of credit and installment products to consumers through online and in-store.