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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 327,500 shares, a drop of 18.2% from the November 15th total of 400,400 shares. Based on an average trading volume of 368,600 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.4% of the company’s shares are short sold.

ZK International Group Trading Up 8.6 %

Shares of ZKIN opened at $0.82 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $0.57 and its two-hundred day simple moving average is $0.53. ZK International Group has a 12 month low of $0.38 and a 12 month high of $1.35.

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.