Short Interest in ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Drops By 50.1%

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 50,341 shares, a decrease of 50.1% from the November 30th total of 100,894 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,040 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 37,040 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On ZJK Industrial

Several institutional investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in ZJK Industrial in the second quarter valued at $31,000. Howard Financial Services LTD. acquired a new position in shares of ZJK Industrial in the 2nd quarter valued at about $49,000. Citadel Advisors LLC acquired a new position in shares of ZJK Industrial in the 3rd quarter valued at about $52,000. Geode Capital Management LLC boosted its stake 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 buying an additional 25,362 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in ZJK Industrial during the first quarter worth about $223,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of ZJK Industrial in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

ZJK Industrial Price Performance

ZJK opened at $2.07 on Friday. ZJK Industrial has a 12 month low of $1.69 and a 12 month high of $15.03. The stock has a fifty day moving average price of $2.49 and a 200-day moving average price of $3.18.

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.