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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 466,700 shares, a growth of 1,237.2% from the September 30th total of 34,900 shares. Based on an average daily volume of 342,200 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.0% of the company’s shares are short sold.

ZK International Group Stock Performance

ZKIN traded down $0.00 during midday trading on Friday, hitting $0.54. 11,850 shares of the company were exchanged, compared to its average volume of 154,096. The firm’s 50 day moving average price is $0.50 and its 200-day moving average price is $0.55. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.30. ZK International Group has a 1-year low of $0.38 and a 1-year high of $1.35.

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.