ZTE Co. (OTCMKTS:ZTCOF) Short Interest Down 38.3% in June

ZTE Co. (OTCMKTS:ZTCOF) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 7,989,816 shares, a decline of 38.3% from the May 31st total of 12,939,902 shares. Based on an average daily volume of 5,968 shares, the short-interest ratio is presently 1,338.8 days.

ZTE Price Performance

ZTCOF stock opened at $3.80 on Friday. The stock’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.38. ZTE has a 1 year low of $2.68 and a 1 year high of $5.45.

ZTE Company Profile

ZTE Corporation is a global provider of telecommunications equipment and systems, offering a wide array of network solutions, smartphones and enterprise products. Headquartered in Shenzhen, China, the company develops and supplies end-to-end information and communication technology (ICT) solutions to carriers, government and corporate clients around the world.

The company’s product portfolio spans wireless networks, access and bearer networks, core networks and transport systems. ZTE also produces consumer devices such as 4G/5G smartphones, home broadband gateways, enterprise routers and Internet of Things (IoT) modules.