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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 147,500 shares, a drop of 27.9% from the January 15th total of 204,600 shares. Based on an average trading volume of 119,500 shares, the short-interest ratio is currently 1.2 days. Currently, 4.3% of the shares of the stock are short sold.

ZK International Group Trading Down 6.5 %

Shares of ZK International Group stock opened at $2.02 on Friday. ZK International Group has a fifty-two week low of $1.90 and a fifty-two week high of $6.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.99 and a current ratio of 1.26. The company’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $3.81.

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.