ZK International Group Co., Ltd. (NASDAQ:ZKIN) Short Interest Update

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 37,461 shares, a growth of 60.9% from the August 15th total of 23,282 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 27,481 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded ZK International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, ZK International Group presently has a consensus rating of “Sell”.

ZK International Group Stock Up 0.9%

ZKIN stock opened at $1.15 on Thursday. The stock’s 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.39. ZK International Group has a fifty-two week low of $1.00 and a fifty-two week high of $3.11.

ZK International Group (NASDAQ:ZKIN) last announced its quarterly earnings data on Friday, August 21st. The company reported ($0.45) EPS for the quarter. The business had revenue of $0.50 million during the quarter.

About ZK International Group

ZK International Group Co, Ltd. (“ZKIN”) is a China-based company specializing in the design, manufacture and sale of heating, ventilation and air-conditioning (HVAC) products along with building energy conservation and clean energy utilization systems. The company’s core offerings include terminal climate control products such as radiators, fan coil units and heat exchangers, as well as heating systems including electric boilers, heat pumps and solar water heaters. ZKIN’s integrated solutions are designed to improve energy efficiency in residential, commercial and industrial settings.

In addition to its terminal climate control and heating product lines, ZKIN develops clean energy utilization systems that leverage solar thermal technology and thermal storage to reduce reliance on fossil fuels.