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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 17,050 shares, a decrease of 54.5% from the August 31st total of 37,461 shares. Based on an average daily volume of 12,001 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

ZK International Group Stock Performance

ZKIN stock traded up $0.03 during midday trading on Monday, reaching $2.38. The stock had a trading volume of 50,544 shares, compared to its average volume of 25,574. The firm has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.40. ZK International Group has a 52-week low of $1.00 and a 52-week high of $3.11.

ZK International Group (NASDAQ:ZKIN) last posted its quarterly 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 lowered ZK International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

ZK International Group Company Profile

ZK International Group Co, Ltd. is a China-based engineering and manufacturing company that designs, produces and installs high-performance stainless steel and carbon steel pipe products. Its offerings include piping systems, pipe fittings and related connection products used in applications such as water supply, natural gas, construction and industrial infrastructure.

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