ZK International Group Co., Ltd. (NASDAQ:ZKIN) Stock Short Interest Falls 54.5%

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

ZK International Group Stock Performance

NASDAQ ZKIN traded up $0.04 on Wednesday, hitting $1.94. 10,386 shares of the company’s stock were exchanged, compared to its average volume of 25,748. ZK International Group has a fifty-two week low of $1.00 and a fifty-two week high of $3.11. The firm’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $1.41.

ZK International Group (NASDAQ:ZKIN) last announced 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 for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded ZK International Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZK International Group presently has an average rating of “Sell”.

About ZK International Group

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.