ZJK Industrial Co., Ltd. (NASDAQ:ZJK) Stock Short Interest Drops 38.7%

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 52,042 shares, a drop of 38.7% from the August 31st total of 84,900 shares. Based on an average trading volume of 14,697 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.1% of the company’s stock are short sold.

ZJK Industrial Trading Down 2.2%

NASDAQ:ZJK opened at $2.04 on Thursday. The company’s 50 day moving average price is $2.02 and its 200-day moving average price is $2.19. ZJK Industrial has a 52 week low of $1.45 and a 52 week high of $4.05.

ZJK Industrial (NASDAQ:ZJK) last announced its quarterly earnings data on Monday, September 21st. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $16.87 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of ZJK Industrial in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

About ZJK Industrial

ZJK Industrial Co, Ltd. is a China-based manufacturer of precision metal components and fasteners. Its products include customized screws, nuts, bolts and other small precision parts designed for use in industrial and consumer applications.

The company serves customers that require engineered fastening and metal-component solutions, including businesses in the electronics, telecommunications, automotive and other manufacturing industries. Its activities generally include product design, tooling, precision machining, production and related quality-control services.

ZJK Industrial supplies customers in China and international markets.