ZK International Group Co., Ltd. (NASDAQ:ZKIN) Shares Shorted: Short Interest Down 54.5% in September

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the recipient of a large drop in short interest during the month of 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. Based on an average daily volume of 12,001 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of ZK International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

ZK International Group Stock Performance

Shares of NASDAQ:ZKIN traded down $0.21 during midday trading on Tuesday, reaching $1.92. The company’s stock had a trading volume of 31,680 shares, compared to its average volume of 25,779. The business’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.40. ZK International Group has a fifty-two week low of $1.00 and a fifty-two week high of $3.11.

ZK International Group (NASDAQ:ZKIN) last issued its quarterly earnings data on Friday, August 21st. The company reported ($0.45) EPS for the quarter. The business had revenue of $0.50 million for the quarter.

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.