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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 218,900 shares, a drop of 25.3% from the December 15th total of 293,000 shares. Based on an average daily volume of 94,500 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.9% of the shares of the stock are sold short.

ZK International Group Trading Up 1.6 %

Shares of ZK International Group stock opened at $0.58 on Thursday. The business’s 50 day moving average price is $0.62 and its 200 day moving average price is $0.55. ZK International Group has a one year low of $0.38 and a one year high of $0.90.

About ZK International Group

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.