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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a significant increase in short interest in 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. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 110,020 shares, the short-interest ratio is presently 0.4 days.

ZK International Group Trading Up 3.1%

Shares of NASDAQ:ZKIN traded up $0.06 during trading on Tuesday, hitting $1.81. 942 shares of the company’s stock traded hands, compared to its average volume of 24,927. The company has a 50-day moving average price of $1.34 and a 200-day moving average price of $1.41. 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 data on Friday, August 21st. The company reported ($0.45) EPS for the quarter. The company had revenue of $0.50 million for the quarter.

Analyst Ratings Changes

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

ZK International Group Company Profile

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.