ZJK Industrial Co., Ltd. (NASDAQ:ZJK – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 84,900 shares, an increase of 360.0% from the August 15th total of 18,458 shares. Based on an average daily trading volume, of 278,317 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.
ZJK Industrial Price Performance
ZJK Industrial stock opened at $2.28 on Friday. ZJK Industrial has a fifty-two week low of $1.45 and a fifty-two week high of $4.05. The firm has a fifty day moving average price of $1.98 and a two-hundred day moving average price of $2.16.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ZJK Industrial in a research note on Friday, August 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ZJK Industrial has an average rating of “Reduce”.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of ZJK Industrial in the fourth quarter worth $26,000. State of Wyoming acquired a new position in ZJK Industrial during the 2nd quarter valued at $31,000. Millennium Management LLC acquired a new position in ZJK Industrial during the 4th quarter valued at $52,000. Citadel Advisors LLC bought a new stake in ZJK Industrial in the 3rd quarter valued at $52,000. Finally, Geode Capital Management LLC boosted its holdings in ZJK Industrial by 150.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock valued at $164,000 after purchasing an additional 25,362 shares during the period.
About ZJK Industrial
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.
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