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

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 53,200 shares, a decline of 26.6% from the February 28th total of 72,500 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 127,800 shares, the days-to-cover ratio is currently 0.4 days.

ZK International Group Stock Performance

ZK International Group stock opened at $1.27 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.26 and a debt-to-equity ratio of 0.06. ZK International Group has a 1-year low of $1.21 and a 1-year high of $6.30. The company has a fifty day simple moving average of $2.17 and a 200 day simple moving average of $3.37.

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.