Posted by admin on May 31st, 2022
ZK International Group Co., Ltd. (NASDAQ:ZKIN – Get Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 313,300 shares, a decline of 18.4% from the April 30th total of 383,800 shares. Based on an average daily volume of 125,600 shares, the short-interest ratio is presently 2.5 days. Currently, 2.3% of the company’s stock are sold short.
Shares of ZKIN opened at $1.30 on Tuesday. The company’s fifty day moving average price is $1.14 and its 200-day moving average price is $1.40. ZK International Group has a 1-year low of $0.85 and a 1-year high of $5.65.
Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of ZK International Group during the third quarter worth about $34,000. Marshall Wace LLP acquired a new position in shares of ZK International Group in the 3rd quarter worth approximately $34,000. Goldman Sachs Group Inc. acquired a new position in shares of ZK International Group in the 2nd quarter worth approximately $45,000. Invesco Ltd. purchased a new stake in ZK International Group during the 2nd quarter worth approximately $49,000. Finally, Virtu Financial LLC purchased a new stake in ZK International Group during the 4th quarter worth approximately $63,000. 2.41% of the stock is owned by institutional investors and hedge funds.
ZK International Group Company Profile (Get Rating)
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.
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