Short Interest in ZK International Group Co., Ltd. (NASDAQ:ZKIN) Decreases By 18.2%

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 327,500 shares, a decline of 18.2% from the November 15th total of 400,400 shares. Based on an average daily volume of 368,600 shares, the short-interest ratio is currently 0.9 days. Currently, 1.4% of the company’s stock are short sold.

ZK International Group Stock Performance

ZKIN opened at $0.81 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.55 and a quick ratio of 1.22. ZK International Group has a 12-month low of $0.38 and a 12-month high of $1.35. The business’s fifty day simple moving average is $0.57 and its 200-day simple moving average is $0.53.

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.