ZK International Group Co., Ltd. (NASDAQ:ZKIN) Sees Large Increase in Short Interest

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 42,964 shares, an increase of 152.0% from the September 15th total of 17,050 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 110,020 shares, the days-to-cover ratio is presently 0.4 days.

ZK International Group Price Performance

ZKIN opened at $1.81 on Wednesday. The stock’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.41. ZK International Group has a 12-month low of $1.00 and a 12-month high of $3.11.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of ZK International Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

About ZK International Group

ZK International Group Co, Ltd. is a China-based engineering and manufacturing company that develops and produces high-performance stainless steel and carbon steel piping products. Its offerings include welded stainless steel pipes, fittings and related pipeline systems used in applications such as water supply, gas distribution, sewage treatment, construction and industrial infrastructure.

The company serves customers primarily in China and has supplied products for municipal, commercial and infrastructure projects.