Short Interest in ZK International Group Co., Ltd. (NASDAQ:ZKIN) Increases By 1,237.2%

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 466,700 shares, a growth of 1,237.2% from the September 30th total of 34,900 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 342,200 shares, the days-to-cover ratio is currently 1.4 days.

ZK International Group Stock Performance

Shares of NASDAQ ZKIN traded down $0.00 during mid-day trading on Friday, reaching $0.54. 11,850 shares of the company’s stock traded hands, compared to its average volume of 154,096. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.30. ZK International Group has a 1-year low of $0.38 and a 1-year high of $1.35. The business has a 50-day simple moving average of $0.50 and a 200 day simple moving average of $0.55.

ZK International Group Company Profile

ZK International Group Co, Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections and fittings; and couplings, unions, adapters, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.