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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 218,900 shares, a decrease of 25.3% from the December 15th total of 293,000 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 94,500 shares, the short-interest ratio is presently 2.3 days.

ZK International Group Stock Performance

ZKIN opened at $0.57 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. The stock’s fifty day moving average is $0.62 and its 200-day moving average is $0.55. ZK International Group has a one year low of $0.38 and a one year high of $0.90.

ZK International Group Company Profile

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.