ZK International Group Co., Ltd. (NASDAQ:ZKIN – Get Rating) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 112,500 shares, a drop of 45.3% from the January 15th total of 205,700 shares. Approximately 0.6% of the company's shares are short sold. Based on an average daily trading volume, of 91,000 shares, the days-to-cover ratio is presently 1.2 days.
Institutional Investors Weigh In On ZK International Group
An institutional investor recently raised its position in ZK International Group stock. Millennium Management LLC grew its holdings in shares of ZK International Group Co., Ltd. (NASDAQ:ZKIN – Get Rating) by 207.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,877 shares of the company's stock after buying an additional 41,728 shares during the period. Millennium Management LLC owned 0.21% of ZK International Group worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.52% of the stock is currently owned by institutional investors.
Get ZK International Group alerts:ZK International Group Price Performance
ZKIN stock opened at $0.88 on Friday. The business has a fifty day moving average of $0.73 and a two-hundred day moving average of $0.81. ZK International Group has a 52-week low of $0.29 and a 52-week high of $1.77.
ZK International Group Company Profile
(Get Rating)ZK International Group Co, Ltd. is a holding company, which engages in the manufacture and sales of stainless steel band, copper strip, welded stainless steel pipes and fittings, valve, light industry machinery equipment, and other stainless steel products. The company was founded by Jian Cong Huang and Guo Lin Wang on May 13, 2015 and is headquartered in Wenzhou, China.
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